Risks are continuously rising, suggesting that the adjustment period will intensify.

Ethereum has once again proven that it has not turned bearish. Since breaking cleanly above the consolidation level of around $3,000 in early July, ETH has been on a strong upward trajectory. Currently, its trading price is slightly below the psychological barrier of $4,000. Ethereum is just a step away from testing the resistance level at $3,815, which historically has acted as a wall and a magnet.

From a structural perspective, the momentum is clearly strong. On the daily chart, the trend is clear: highs and lows are continuously rising without signs of weakness. Ethereum's moving average has formed a typical bullish pattern after the breakout. The 21-day moving average acts as a dynamic support level, helping the price move upward; although trading volume has slightly declined, it remains stable for now.

However, $4,000 is certainly not a trivial barrier. It is a dense resistance area that has served as a distribution point in past cycles. Statistically, without a false breakout or retest, the likelihood of a direct breakout is low. Bulls may be able to break through this level, but besides a significant influx of momentum traders, substantial buying pressure will also be required to keep the price above $4,000.

An RSI above 80 indicates that the market is severely overbought. This increases the likelihood of the market entering a cooling phase, which could be a sideways consolidation or a brief pullback, but it doesn't guarantee a sharp reversal in ETH's trend. Regardless, the market tends to enter a consolidation phase after experiencing a rise like this, and the trend so far has been parabolic.

If Ethereum can hold above the support level of $3,750 and withstand profit-taking without crashing, it may break the $4,000 mark. On the other hand, a pullback to $3,400 or even $3,200 would only inject momentum for a more thorough breakout later and disrupt the bullish structure.

XRP bets at $3

XRP's recent price action indicates that its trend is weakening, currently precariously positioned at the $3 mark. XRP's rise was beyond expectations, having dramatically broken out above $3.70 after a parabolic rise in July. However, momentum has since slowed, and the asset has entered a gradual pullback phase that may reverse much of the gains from a few weeks ago.

XRP has seen lower highs and closing prices for several days, currently trading at around $3.11 and slowly declining, with no rebound from the expected buying on dips. The daily chart shows distribution rather than accumulation, which is a warning signal for bulls.

The trading volume also depicts a similarly frustrating picture. Not only has there been no large-scale sell-off, but more importantly, there are no signs that buyers are taking decisive action. The lack of volume support suggests that the current pullback may not yet be over and could even intensify.

Although the Relative Momentum Index (RMI) is still high, it is gradually declining, indicating that bullish momentum has dissipated due to overbought conditions. The psychological and technical significance of the $3 mark is the biggest issue facing XRP currently. If it loses this support level, the next support level will be in the range of $2.99 to $2.75, where the last significant consolidation occurred before the breakout. If XRP cannot stabilize quickly, the bullish momentum that excited investors not long ago may vanish.

Dogecoin cannot be ignored.

Dogecoin's recent surge has suddenly reversed, and the current trading price is at a low level, with high risks. Dogecoin briefly broke through $0.29, then fell back to $0.22, erasing a significant portion of its gains and showing signs of notable weakness among investors.

The chart shows that Dogecoin fell below the key moving average after experiencing an almost vertical major pullback in July. When the price fails to stabilize near the top and instead forms the lower highs and lower lows pattern we currently see, this trend usually indicates that the trend is indeed weakening. Due to the unusually high trading volume during the pullback, it seems that more traders are selling positions, while the number of traders buying on dips has decreased.

Unless Dogecoin can quickly find a support level (possibly around $0.21), it may face further declines, as the current trend is unhealthy. The Relative Strength Index (RSI) has fallen from the overbought zone and is currently on a downward trend—indicating that bullish momentum is weakening—which further exacerbates bearish sentiment.

Due to a lack of significant consolidation or reversal signals, Dogecoin may face further downside risks. If market sentiment worsens, it could test levels close to $0.20 or even $0.19. Dogecoin must rebound strongly from the current level with robust trading volume support to reverse the situation.

$ETH $XRP $DOGE

#Ethereum10thAnniversary #FederalReserveInterestRateDecision #BinanceHODLerAirdropTREE