📊 Crypto Market Analysis: #Ethereum and #Ripple Before the Crucial Choice
August brought a powerful rally, but September begins with a lull. ETH and XRP are in consolidation phases after the August impulses. Both coins are sandwiched between strong resistance above and reliable support below.
➡️ Ethereum ($ETH ): Lull before the impulse
Current price: ~$2,500
After breaking out from the base of $1.85K–$1.92K, the bullish momentum of ETH slowed down. A clear consolidation range has formed on the daily and 4-hour charts.
Key resistance: $2.52K – $2.56K. A consolidation above this zone will confirm the return of buyers and open the way for a new wave of growth.
Key support: $2.35K – $2.44K. Loss of this level will weaken the structure and send the price to the $2.08K–$2.27K zone.
Whale metrics: Average order volumes show the absence of large players - the market is dominated by regular transactions. Without the return of whales, ETH is in danger of a prolonged sideways movement.
➡️ Ripple ($XRP ): Protection of the 200-day EMA
Current price: ~$1.42
XRP is correcting inside the descending channel after rising from the support of $0.94–$0.97 to the peak of ~$1.70.
Key resistance: $1.45 – $1.54. The upper border of the channel coincides with this supply zone. Only the closing of the daily candle above will break the corrective trend and return the target of $1.70.
Key support: $1.27 – $1.34. As long as the market holds the long-term moving average (EMA) around $1.27, the current weakness is just a healthy consolidation. A break below will open the way to $1.15.
⚠️ Trader Summary
Both assets are in uncertainty points:
1. ETH is waiting for the whales to return to break $2.56K.
2. XRP is testing the upper boundary of the corrective channel near $1.45.
Placing limit orders at the boundaries of the ranges or waiting for a confirmed resistance breakdown are the most considered strategies for the coming days.
August brought a powerful rally, but September begins with a lull. ETH and XRP are in consolidation phases after the August impulses. Both coins are sandwiched between strong resistance above and reliable support below.
➡️ Ethereum ($ETH ): Lull before the impulse
Current price: ~$2,500
After breaking out from the base of $1.85K–$1.92K, the bullish momentum of ETH slowed down. A clear consolidation range has formed on the daily and 4-hour charts.
Key resistance: $2.52K – $2.56K. A consolidation above this zone will confirm the return of buyers and open the way for a new wave of growth.
Key support: $2.35K – $2.44K. Loss of this level will weaken the structure and send the price to the $2.08K–$2.27K zone.
Whale metrics: Average order volumes show the absence of large players - the market is dominated by regular transactions. Without the return of whales, ETH is in danger of a prolonged sideways movement.
➡️ Ripple ($XRP ): Protection of the 200-day EMA
Current price: ~$1.42
XRP is correcting inside the descending channel after rising from the support of $0.94–$0.97 to the peak of ~$1.70.
Key resistance: $1.45 – $1.54. The upper border of the channel coincides with this supply zone. Only the closing of the daily candle above will break the corrective trend and return the target of $1.70.
Key support: $1.27 – $1.34. As long as the market holds the long-term moving average (EMA) around $1.27, the current weakness is just a healthy consolidation. A break below will open the way to $1.15.
⚠️ Trader Summary
Both assets are in uncertainty points:
1. ETH is waiting for the whales to return to break $2.56K.
2. XRP is testing the upper boundary of the corrective channel near $1.45.
Placing limit orders at the boundaries of the ranges or waiting for a confirmed resistance breakdown are the most considered strategies for the coming days.
