John Bollinger Warns Traders to ‘Pay Attention Soon’ as Ethereum and Solana Flash Bullish W Patterns
Veteran trader and technical analyst John Bollinger, the creator of the popular Bollinger Bands indicator, has once again sent ripples through global crypto news circles after spotting potential bullish reversal setups in Ethereum (ETH) and Solana (SOL) charts. While Bitcoin remains range-bound, Bollinger believes a “major move” could be imminent across key altcoins, a signal now catching the attention of the entire crypto pur community.
Bollinger’s new bullish signal on Ethereum and Solana
In a recent post on X (formerly Twitter), Bollinger wrote, “Potential ‘W’ bottoms in Bollinger Band terms in $ETHUSD and $SOLUSD, but not in $BTCUSD. Gonna be time to pay attention soon, I think.” The “W” bottom, a classic technical pattern, forms when prices dip twice, with the second dip higher than the first usually signaling the exhaustion of selling pressure and the start of an upward reversal.
Ethereum has tested support near $3,700 twice this month before beginning a mild rebound. Solana mirrored a similar structure, double-bottoming around $175 before recovering above $188. Analysts view these setups as early signs of renewed market strength that could see both tokens decouple from Bitcoin’s current stagnation.
In contrast, Bitcoin (BTC) trading around $111,000 has yet to display a similar pattern. Its chart shows a sharp “V” recovery from last week’s dip below $104,000, leaving it consolidating near the lower Bollinger Band. This suggests that Bitcoin remains in a base-building phase while ETH and SOL are signaling a potential rotation of capital into altcoins.
Why traders “need to pay attention soon”
Bollinger’s seemingly simple phrase “pay attention soon”, has triggered excitement because of his near-perfect timing in past cycles. The last time he issued a similar remark was in mid-2024, when Bitcoin traded under $55,000. Within six months, the cryptocurrency skyrocketed past $100,000, validating his forecast.
Market commentator “Satoshi Flipper” noted the historic relevance of Bollinger’s call, saying, “Every time Bollinger signals a squeeze at the lower band, the crypto market tends to explode shortly after”.
This time, however, Bollinger appears more focused on altcoins. His data points to the narrowing of Bollinger Bands on Ethereum and Solana, which often precedes a period of amplified volatility. As volatility compresses, large breakouts usually follow, hinting that ETH and SOL could soon rally strongly if momentum builds.
Broader context: volatility spike and technical supports
After months of consolidation, market volatility has returned dramatically, largely due to global economic uncertainty and last week’s $19 billion crypto liquidation event. Analysts had already forecasted a “volatility storm,” and Bollinger’s latest insight aligns with this renewed activity in crypto markets.
At the same time, traders are watching the 50-week Simple Moving Average (SMA) on Bitcoin closely. Analysts like “Sykodelic” observe that each BTC correction to the 50-week SMA since 2021 has triggered panic selling, only for prices to rebound later. “Every single time the price has tagged the 1W 50SMA, mass fear dominates, and yet Bitcoin regains momentum higher. This pattern remains intact,” the analyst said.
Ethereum vs. Bitcoin: the rotation narrative
The ETH/BTC ratio has climbed 7% in the past week, signaling that altcoin performance is starting to outpace Bitcoin once again. Bollinger’s W-bottom observation reinforces this shift in sentiment. Experts suggest that capital rotation could favor Ethereum and Solana in the near term, especially if Bitcoin continues to trade sideways.
Interestingly, institutional flows reflect this pattern too: BlackRock has reportedly reduced some Bitcoin exposure while slightly increasing its Ethereum positions, a move analysts interpret as confidence in Ethereum’s future dominance in decentralized finance (DeFi) and blockchain technology applications.
What it means for crypto pur traders
For the crypto pur community, Bollinger’s latest signal serves as a potential inflection point in market psychology. The W-bottom formations and period of compression across top altcoins could mark a turning point following weeks of panic, high leverage unwinds, and fear-driven selling.
Traders who rely on blockchain-based market signals now see Bollinger’s alert as a cue to prepare for the next major move possibly mirroring his mid-2024 call that preceded a 100% rally in Bitcoin.
Conclusion
John Bollinger’s “pay attention soon” warning is more than a cryptic statement it’s a signal that market cycles may be shifting again. While Bitcoin remains stagnant following major volatility, Ethereum and Solana’s bullish W patterns could signal the return of strong market momentum.
For those watching the latest crypto news, Bollinger’s call is a reminder that patience pays off in markets built on volatility, innovation, and blockchain technology. Whether or not the next wave of gains begins here, one thing is clear: the market’s veteran voices are sounding the alarm for traders to stay vigilant.
