ETH shows higher highs and higher lows on 1h, 4h, or daily charts โ bullish momentum. Trendlines and moving averages (20 EMA, 50 EMA) are sloping upwards, confirming the trend.
The 880โ900 zone has been a strong ceiling before. Price struggled to hold above it, meaning sellers are active there. Candles are showing smaller bodies and longer wicks โ often a sign buyers are losing steam.
The zone around $112Kโ$115K has rejected BTC multiple times recently. That means buyers are struggling to push past it. Price is hovering close to the resistance but without strong bullish volume. Thatโs usually a warning that sellers may take control.
Support zone: Around 0.0365โ0.0370, price has been holding as support. A bounce from here often suggests buyers are active. Upside potential: If support holds, thereโs room for a push toward 0.0385โ0.0420, which are recent resistance zones.
Resistance nearby โ Price is hovering just under 0.2000, which is often a psychological and technical resistance. Sellers usually step in there. Trend pressure โ Recent candles show more lower highs than higher lows, which hints at fading buying strength.
๐ Lower highs forming: If the chart keeps failing to push above resistance (say near 0.75โ0.76), it signals weakness. ๐ป Break of support: If price falls under 0.73 with volume, sellers are in control.
Strong support around $3.20โ3.40 โ price has bounced here before, suggesting buyers step in at this zone. Upside room โ targets ($3.65, $3.90, $4.20) line up with past resistance levels where price has reacted. Broader market tone โ CVX tends to follow general altcoin sentiment. If ETH/BTC are steady or trending up, CVX often joins the move.
BTC is trading near $110K and analysts are warning: ๐ป September historically brings 5โ8% losses ๐ป Strong resistance at $112Kโ$115K ๐ป Risk of drop toward $95K if $100K fails
Traders are watching closelyโwill history repeat itself?
The U.S. SEC just unveiled a new rulemaking agenda that could reshape how crypto fits into traditional finance: โ Clearer rules for digital asset offerings โ Simpler compliance for startups โ Possible approval for crypto trading on national exchanges
This move could open the doors for deeper Wall Street + Crypto integration.