Overall sentiment: Currently bearish but with potential bounce if support holds.
ETH remains critical to monitor — key levels: $4,400 support, $4,576–$4,700 resistance.
BTC can stabilize if it stays above support; $115K–$120K is the upside target.
BNB and SOL still show institutional interest; XRP remains rangebound pending regulatory clarity.
If key support levels fail, short-term traders may consider short positions; long-term investors should look for breakouts and institutional continuation signals.
Shift in Crypto Momentum: Bitcoin has gained strength (+1.8%) and is outperforming several altcoins, signaling potential dominance shift back toward BTC Barron's+1.
Eth/BTC Ratio Warning: If ETH continues lagging BTC, it could increase risk of a 10–20% pullback in the S&P 500 according to analysts at Sevens Report Research MarketWatch.
Bitcoin at Critical Support: BTC maintaining support near $111,500–$109K; breaching this may increase volatility across the crypto market The Economic Times+1.
ETH Outlook Loads of Optimism: Despite the pullback, analysts foresee potential for ETH to challenge $7,000–$8,000 by year-end, driven by ETF inflows, corporate treasury adoption, and projects like Remittix expansion MarketWatch+1Indiatimes.
Remittix and XRP-style Growth: Remittix, an Ethereum-based PayFi token, is lauded as the next high-growth catalyst potentially fueling ETH ecosystem momentum Indiatimes.
Technical indicators suggest neutral to strong sell signals on daily charts; short-term downward momentum remains Investing.com.
Bitcoin (BTC)
Holding key support around $111,500; any break below likely to trigger further downside The Economic Times+1.
Resistance levels in focus: $113,600, then $117,000–$120,000 if bullish momentum returns InvestopediaBarchart.com.
BNB / XRP / SOL
BNB: Support near ~$855–$860; resistance around $861–$869. Breakout prospects toward $1,000 if momentum resumes Binance.
XRP: The market exhibits a neutral technical bias; trading within a range of ~$2.85–$3.00. Strong sell setups on multiple timeframes Investing.comTradingView.
Solana (SOL): Most “overheated” asset among these; RSI approaching overbought levels. Support near $205, resistance around $220–$230. Short-term correction to $205 possible Binance.
Current Price: ~$4,522.41 — down by about 2.17% in the past 24 hours .
Daily Range:
High: $4,642.88
Low: $4,472.96
Market Trend & Analysis
The market currently looks Bearish, as ETH is trading lower compared to the previous day.
If ETH holds support around $4,520–$4,480, a rebound is possible.
If this support breaks, further decline is likely.
The strong Resistance zone is around $4,640–$4,650. A breakout above this could provide a Long opportunity.
Summary: Short or Long?
TimeframeStrategyExplanationShort-termShort or cautious LongShort if support breaks, otherwise Long on rebound.Long-termLongIf ETH regains $4,600–$4,700, a long-term bullish trend remains strong, though near-term sentiment is bearish.
Recent Highlights (News & Outlook)
ETH recently hit a record near $4,955.23 this summer, with some analysts predicting a path to $7,000 by year-end (MarketWatch).
Analysts also highlight $6,000 as a major psychological resistance that may be harder to cross in the medium term (MarketWatch). #Ethereum’s
#CreatorPad Price Range: According to various reliable sources, Bitcoin is trading between $117,000 and $118,300 today:
CoinMarketCap reports $118,139 USD, up about +0.40% over 24 hours CoinMarketCap.
Brave New Coin notes a range of $116,953 to $119,198, with a current price around $117,688, reflecting a -1.3% decline Brave New Coin.
Investing.com indicates it’s holding steady around $118,630 after recent highs Investing.com.
Blockchain.News shows a drop to approximately $117,460, marking a 4% correction from record highs Blockchain News.
Other platforms like Binance and Revolut offer similar figures, reinforcing the $117–$118 K range BinanceRevolutBitboKraken.
Market Movement & Drivers:
Bitcoin recently surged to new all-time highs — around $124,400–124,500 in mid-August — before facing a correction Investing.comBlockchain NewsTradingView.
The pullback is largely tied to macroeconomic shifts, notably stronger-than-expected U.S. Producer Price Index (PPI) data, which cooled speculation of imminent Fed rate cuts Brave New CoinInvesting.comBlockchain News.
This has triggered broader market-wide volatility, prompting analysts to closely monitor key support and resistance levels ⎯ roughly $116,300 on the downside and $120,000 on the upside
#BullishIPO Price Range: According to various reliable sources, Bitcoin is trading between $117,000 and $118,300 today:
CoinMarketCap reports $118,139 USD, up about +0.40% over 24 hours CoinMarketCap.
Brave New Coin notes a range of $116,953 to $119,198, with a current price around $117,688, reflecting a -1.3% decline Brave New Coin.
Investing.com indicates it’s holding steady around $118,630 after recent highs Investing.com.
Blockchain.News shows a drop to approximately $117,460, marking a 4% correction from record highs Blockchain News.
Other platforms like Binance and Revolut offer similar figures, reinforcing the $117–$118 K range BinanceRevolutBitboKraken.
Market Movement & Drivers:
Bitcoin recently surged to new all-time highs — around $124,400–124,500 in mid-August — before facing a correction Investing.comBlockchain NewsTradingView.
The pullback is largely tied to macroeconomic shifts, notably stronger-than-expected U.S. Producer Price Index (PPI) data, which cooled speculation of imminent Fed rate cuts Brave New CoinInvesting.comBlockchain News.
This has triggered broader market-wide volatility, prompting analysts to closely monitor key support and resistance levels ⎯ roughly $116,300 on the downside and $120,000 on the upside
Here’s what the latest reports and technical analyses are saying:
1. Current Market Context & Trends
Bitcoin is stabilizing around $118,900, failing to hold above the key $120,000 resistance level. Market participants are closely watching the upcoming US CPI (inflation) data, which is likely to influence the Federal Reserve’s monetary policy and may trigger price volatility. FXStreetBarron's
2. Near-Term Predictions
Analysts are flagging potential downward movement, with expectations that BTC could retrace to around $118,000 ahead of CPI data release. CoinCentral
Others are optimistic about a rebound—Bitcoin’s recent climb above $118K is seen as bullish momentum that could pave the way toward a breakout near $131,000. Brave New Coin
3. Bullish Medium-Term Scenario
The chart is showing renewed strength, attributed to institutional inflows and optimistic sentiment following an executive order endorsing crypto inclusion in retirement accounts. A technical breakout may set BTC on a path toward $130K–$134K.
Here’s what the latest reports and technical analyses are saying:
1. Current Market Context & Trends
Bitcoin is stabilizing around $118,900, failing to hold above the key $120,000 resistance level. Market participants are closely watching the upcoming US CPI (inflation) data, which is likely to influence the Federal Reserve’s monetary policy and may trigger price volatility. FXStreetBarron's
2. Near-Term Predictions
Analysts are flagging potential downward movement, with expectations that BTC could retrace to around $118,000 ahead of CPI data release. CoinCentral
Others are optimistic about a rebound—Bitcoin’s recent climb above $118K is seen as bullish momentum that could pave the way toward a breakout near $131,000. Brave New Coin
3. Bullish Medium-Term Scenario
The chart is showing renewed strength, attributed to institutional inflows and optimistic sentiment following an executive order endorsing crypto inclusion in retirement accounts. A technical breakout may set BTC on a path toward $130K–$134K.
Here’s what the latest reports and technical analyses are saying:
1. Current Market Context & Trends
Bitcoin is stabilizing around $118,900, failing to hold above the key $120,000 resistance level. Market participants are closely watching the upcoming US CPI (inflation) data, which is likely to influence the Federal Reserve’s monetary policy and may trigger price volatility. FXStreetBarron's
2. Near-Term Predictions
Analysts are flagging potential downward movement, with expectations that BTC could retrace to around $118,000 ahead of CPI data release. CoinCentral
Others are optimistic about a rebound—Bitcoin’s recent climb above $118K is seen as bullish momentum that could pave the way toward a breakout near $131,000. Brave New Coin
3. Bullish Medium-Term Scenario
The chart is showing renewed strength, attributed to institutional inflows and optimistic sentiment following an executive order endorsing crypto inclusion in retirement accounts. A technical breakout may set BTC on a path toward $130K–$134K.
Here’s what the latest reports and technical analyses are saying:
1. Current Market Context & Trends
Bitcoin is stabilizing around $118,900, failing to hold above the key $120,000 resistance level. Market participants are closely watching the upcoming US CPI (inflation) data, which is likely to influence the Federal Reserve’s monetary policy and may trigger price volatility. FXStreetBarron's
2. Near-Term Predictions
Analysts are flagging potential downward movement, with expectations that BTC could retrace to around $118,000 ahead of CPI data release. CoinCentral
Others are optimistic about a rebound—Bitcoin’s recent climb above $118K is seen as bullish momentum that could pave the way toward a breakout near $131,000. Brave New Coin
3. Bullish Medium-Term Scenario
The chart is showing renewed strength, attributed to institutional inflows and optimistic sentiment following an executive order endorsing crypto inclusion in retirement accounts. A technical breakout may set BTC on a path toward $130K–$134K.
Here’s what the latest reports and technical analyses are saying:
1. Current Market Context & Trends
Bitcoin is stabilizing around $118,900, failing to hold above the key $120,000 resistance level. Market participants are closely watching the upcoming US CPI (inflation) data, which is likely to influence the Federal Reserve’s monetary policy and may trigger price volatility. FXStreetBarron's
2. Near-Term Predictions
Analysts are flagging potential downward movement, with expectations that BTC could retrace to around $118,000 ahead of CPI data release. CoinCentral
Others are optimistic about a rebound—Bitcoin’s recent climb above $118K is seen as bullish momentum that could pave the way toward a breakout near $131,000. Brave New Coin
3. Bullish Medium-Term Scenario
The chart is showing renewed strength, attributed to institutional inflows and optimistic sentiment following an executive order endorsing crypto inclusion in retirement accounts. A technical breakout may set BTC on a path toward $130K–$134K.