John Bollinger spots “W” bottom patterns on Ethereum and Solana charts, hinting at a possible bullish reversal ahead.
Technical analyst John Bollinger, the creator of the popular Bollinger Bands indicator, has returned with fresh insights again.
He says Ethereum (ETH) and Solana (SOL) are showing early signs of a bullish setup known as a “W” bottom. This pattern often appears before a price rebound.
Many traders recall that the last time Bollinger issued a similar warning, Bitcoin more than doubled in the months after.
What the “W” Bottom Means for Traders
A “W” bottom is a very popular chart pattern. It forms when a price dips twice, with the second low staying slightly above the first. It indicates that sellers are losing control and buyers are starting to step in.
Bollinger Bands, which measure volatility, help confirm this pattern. When the bands narrow after a long period of compression, a “W” bottom inside the lower bands can indicate an early reversal.
Potential 'W' bottoms in Bollinger Band terms in $ETHUSD and $SOLUSD, but not in $BTCUSD. Gonna be time to pay attention soon I think.
— John Bollinger (@bbands) October 18, 2025
For Ethereum, prices have tested the $3,700 zone twice this month before showing recovery signs. Solana mirrored this setup, and fell near $175 twice before climbing above $185 again.
Both charts now show a tightening of the bands, which indicates that volatility could rise soon.
Bitcoin Lags Behind Despite Market Recovery
While Ethereum and Solana are forming reversals, Bitcoin (BTC) looks stuck in a sideways phase.
The leading cryptocurrency dropped below $104,000 last Friday before bouncing back to about $110,000. But it hasn’t built a clear bottoming pattern.
Bollinger noted that Bitcoin’s chart lacks the same “W” structure seen in ETH and SOL. This could mean Bitcoin is still forming its base.
Traders say Bitcoin’s lack of confirmation isn’t necessarily negative. It could simply mean that capital is rotating toward altcoins while Bitcoin consolidates.
This trend has happened in previous market cycles, and has often marked the start of an “alt season” where altcoins outperform Bitcoin for several weeks.
Ethereum Outpaces Bitcoin as Altcoins Regain Strength
Market data support Bollinger’s observation. The ETH/BTC ratio has climbed over 7% this week. This shows that Ethereum is gaining ground on Bitcoin.
Ethereum’s price has risen about 1.5% in the past 24 hours to around $3,890. Solana has gained roughly 2% and is trading close to $186. These moves indicate renewed interest in large-cap altcoins especially as traders hunt for assets showing clear bullish setups.
Institutional data is adding another layer to the story. BlackRock reportedly reduced its Bitcoin exposure during the recent correction and increased its Ethereum holdings. Analysts believe that this shift could indicate rising confidence in Ethereum’s future as it benefits from staking and scaling upgrades.
Why Bollinger’s Calls Carry Weight
Bollinger’s comments attract attention because he rarely posts about cryptocurrencies. His last major crypto observation came in April, when he pointed out a similar pattern forming in Bitcoin.
At that time, BTC was trading near $74,000. Over the next six months, it surged above $110,000 and confirmed his signal. Traders now see his latest remarks as a possible early sign that Ethereum and Solana could lead the next phase of market recovery.
Crypto trader Satoshi Flipper reminded followers of Bollinger’s history and said, “He makes maybe one crypto call a year. The last time he did, it marked the bottom. You don’t fade this legend.”
The last time John said to pay attention was July of 2024 and $BTC pumped from $49k to $110k https://t.co/0Vjgysayds pic.twitter.com/cETAMLiDzk
— Satoshi Flipper (@SatoshiFlipper) October 18, 2025
While no setup guarantees results, Bollinger’s has a reputation for identifying reversals, and traders find his message hard to ignore.
