This week, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) show different trends. BTC is seeking support around $111,000, ETH has been consolidating sideways for 12 consecutive days, while XRP is releasing early bullish signals at the end of a descending wedge. The key levels for bulls and bears have gradually become clear, and the market may be on the verge of a directional breakout.
Bitcoin (BTC): Hold above $111,000, the key is the 50-day EMA
(Source: Trading View)
Current price: approximately 111,000 USD
Key resistance: $112,830 (50-day EMA)
Technical Observation:
RSI: 43, retreating from neutral 50, indicating short-term bearish pressure
MACD: A bullish crossover occurred on Saturday, with green bars expanding, indicating a recovery in momentum.
Bullish scenario:
Closing above $112,830 → Target $116,000
Bearish scenario:
Failed to break through and fell back → may test the support at $107,245
Ethereum (ETH): Sideways consolidation, waiting for a breakout
(Source: Trading View)
Current price: approximately $4,319
Consolidation range: $4,232–$4,488 (since August 29)
Technical Observation:
RSI: Persistently hovering around 50, indicating that traders are on the sidelines.
Bullish scenario:
Breakthrough 4,488 USD → Target historical high 4,956 USD
Bearish Scenario:
Dropped below $4,232 → Possible retest of 50-day EMA ($4,096)
Ripple (XRP): Downward wedge end, a breakout may trigger a rebound
(Source: Trading View)
Current price: close to the upward trend line (around 2.99 USD)
Technical Observation:
RSI: 52, breaking above neutral 50, indicating early bullish momentum
MACD: A bullish crossover occurred on Monday, indicating improved momentum.
Bullish scenario:
Closing breaks through 2.99 USD → Target 3.40 USD
Bearish scenario:
Resistance at the uptrend line → Possible retest of $2.72 support
Conclusion
Currently, the three major coins are showing divergent trends: BTC needs to break through the 50-day EMA to continue its rebound, ETH is in a calm period before a breakout, while XRP is closest to triggering a technical bullish signal. In the short term, the market direction will depend on whether BTC can be the first to break through key resistance, which would drive overall sentiment to improve.
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