On September 3, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) stabilized at key support levels, and market sentiment gradually warmed up. Technical indicators show that bearish momentum is weakening, and if long positions continue their current momentum, these three major coins may welcome a new round of rebound.
Bitcoin: Closed above the 100-day EMA, target pointing to 116,000 USD
(Source: Trading View)
Current price: approximately $110,900, up nearly 3% so far this week.
Technical observation: Closed above the 100-day Exponential Moving Average (EMA) on September 2, daily RSI is at 45, approaching neutral 50, MACD red bars are shortening, indicating a weakening of bearish momentum.
Upward target: If the rebound continues, it may test the daily resistance level of 116,000 USD.
Downside risk: If there is a pullback, it may test the daily support level of 105,573 USD.
Ethereum: Holding the $4,232 support, expected to challenge the $4,488 resistance
(Source: Trading View)
Current Price: Approximately 4,328 USD
Technical Observation: The $4,232 daily support level has been validated multiple times, with an RSI of 50, indicating a neutral market sentiment.
Upside target: If it breaks through the resistance of 4,488 USD, there will be a chance to challenge the historical high of 4,956 USD.
Downside risk: If it falls below $4,232, it may retreat to the 50-day EMA (approximately $4,024)
Ripple: 2.72 USD support solid or heading towards 2.99 USD
(Source: Trading View)
Current price: about $2.83
Technical observation: The $2.72 support level has pushed the price to rebound by 3.74%. The RSI is at 44 and shows an upward trend, approaching neutral levels.
Upside target: If the support level remains valid, the price is expected to reach the 61.8% Fibonacci retracement level of $2.99.
Downside risk: If it falls below $2.72, it may retrace to the 200-day EMA (approximately $2.51)
Overall Market Sentiment and Strategy Recommendations
Currently, the technical indicators of the three major coins show that bearish momentum is weakening, and market sentiment is gradually warming up.
Short-term strategy: You can build positions in batches near the support level and take profits before the key resistance level.
Mid-term observation: If BTC can stabilize above the 100-day EMA, ETH and XRP are expected to follow upward.
Risk warning: Attention should be paid to macroeconomic data and changes in regulatory policies to avoid sudden events causing market fluctuations.
Conclusion
BTC, ETH, and XRP are currently stabilizing at key support levels, and technical indicators show that the conditions for a rebound are gradually maturing. If long positions continue the current momentum, the market may welcome a new round of upward movement. However, investors still need to operate cautiously, strictly setting stop-loss and take-profit levels, and closely monitor changes in market sentiment. For more real-time market data and technical analysis, please follow the official Gate platform.
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BTC, ETH, and XRP have stabilized at key support levels, and the market sentiment warming may trigger a new round of rebound.
On September 3, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) stabilized at key support levels, and market sentiment gradually warmed up. Technical indicators show that bearish momentum is weakening, and if long positions continue their current momentum, these three major coins may welcome a new round of rebound.
Bitcoin: Closed above the 100-day EMA, target pointing to 116,000 USD
(Source: Trading View)
Current price: approximately $110,900, up nearly 3% so far this week.
Technical observation: Closed above the 100-day Exponential Moving Average (EMA) on September 2, daily RSI is at 45, approaching neutral 50, MACD red bars are shortening, indicating a weakening of bearish momentum.
Upward target: If the rebound continues, it may test the daily resistance level of 116,000 USD.
Downside risk: If there is a pullback, it may test the daily support level of 105,573 USD.
Ethereum: Holding the $4,232 support, expected to challenge the $4,488 resistance
(Source: Trading View)
Current Price: Approximately 4,328 USD
Technical Observation: The $4,232 daily support level has been validated multiple times, with an RSI of 50, indicating a neutral market sentiment.
Upside target: If it breaks through the resistance of 4,488 USD, there will be a chance to challenge the historical high of 4,956 USD.
Downside risk: If it falls below $4,232, it may retreat to the 50-day EMA (approximately $4,024)
Ripple: 2.72 USD support solid or heading towards 2.99 USD
(Source: Trading View)
Current price: about $2.83
Technical observation: The $2.72 support level has pushed the price to rebound by 3.74%. The RSI is at 44 and shows an upward trend, approaching neutral levels.
Upside target: If the support level remains valid, the price is expected to reach the 61.8% Fibonacci retracement level of $2.99.
Downside risk: If it falls below $2.72, it may retrace to the 200-day EMA (approximately $2.51)
Overall Market Sentiment and Strategy Recommendations
Currently, the technical indicators of the three major coins show that bearish momentum is weakening, and market sentiment is gradually warming up.
Short-term strategy: You can build positions in batches near the support level and take profits before the key resistance level.
Mid-term observation: If BTC can stabilize above the 100-day EMA, ETH and XRP are expected to follow upward.
Risk warning: Attention should be paid to macroeconomic data and changes in regulatory policies to avoid sudden events causing market fluctuations.
Conclusion
BTC, ETH, and XRP are currently stabilizing at key support levels, and technical indicators show that the conditions for a rebound are gradually maturing. If long positions continue the current momentum, the market may welcome a new round of upward movement. However, investors still need to operate cautiously, strictly setting stop-loss and take-profit levels, and closely monitor changes in market sentiment. For more real-time market data and technical analysis, please follow the official Gate platform.