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Crypto

Ethereum rebounds more than 55% from June low, can it extend strength into third quarter

Ethereum has rebounded more than 55% from its June low and is maintaining a strong third-quarter trend, trading around $2,492 after falling to about $1,600. Its daily chart structure has improved as it moved above key moving averages, helped by a volume increase during an August breakout. Momentum has cooled, with the RSI easing to the mid-50s. Resistance is seen at $2,550 to $2,650, while $2,350 to $2,400 is highlighted as key support.

Crypto

Bitcoin nears golden cross as key signal emerges

Bitcoin is nearing a golden cross as mid-term moving averages converge after its August rebound. The signal’s significance hinges on whether bitcoin can break the $80,000 to $82,000 resistance area. Bitcoin is trading around $79,250 after rebounding from near $58,000 in June. Analysts cite rising short-term averages and a recovered 200-day average. RSI has eased to 62, suggesting bullishness but limited momentum.

Crypto

XRP retests cup-and-handle pattern, with $3.63 target if $1.35 holds

XRP has entered a retest zone for a cup-and-handle pattern on the weekly chart after an August rebound, an analysis said. If support holds, XRP could try to break above the $1.45 to $1.50 resistance area, with targets cited at $2.4062 and $3.6330. XRP is trading around $1.39, up about 3.5 percent over the past week. A break below $1.35 could weaken the structure, with $1.23 cited as the next support.