September has long been a reputation for being a difficult month for cryptocurrencies. Historical performance shows that Bitcoin recorded an average of 3.77 % each month of September since 2013, a trend that earned the nickname “Red September” in the month. Despite this assessment, the Crypto market began the new month on a modestly positive note after a calm weekend.
In short
- The crypto feeling is neutral at 49 on the Fear & Greed index, withdrawn from the vertices of August.
- Bitcoin earned more than 2 % in 24 hours and is exchanged around $ 110,000; The momentum remains limited.
- Ethereum evolves on a neutral trend; The “Whales” bought 260,000 ETH, Myriad plans $ 5,000.
- The XRP is exchanged around $ 2.81; Myriad estimates at 78 % the probability of a fall around $ 2.50 before any rebound.
The feeling of the crypto market cools in early September
The feeling indicators reflect this prudence. According to the Crypto Fear and Greed index, the feeling of the market is at 49, considered neutral. It is slightly higher than yesterday (46), which pointed out fear, but it marks a clear withdrawal compared to mid-August, when the index had reached 75. This change suggests a more measured environment while traders start a month often associated with lower performance.
Added to this is an increased uncertainty linked to the economic context. The monetary policy meeting of the Federal Reserve, scheduled for September 16 and 17, is expected as a major event. Market expectations currently estimate at 87 % the probability of a 0.25 % reduction in interest rates.
While a possible drop in rates could support assets at risk, the historically low performance of September for cryptos moderates optimism. In addition, the term contracts on the S&P 500 show early signs of vigor for a positive opening on Tuesday, despite the recent volatility of the market, with stable basic inflation at 3.1 %, above the objective of the federal reserve.
Bitcoin displays modest gains while the crypto dynamic remains fragile
Bitcoin has increased by more than 2 % in the last twenty-four hours and is now negotiated around $ 110,000, although the technical indicators suggest moderate dynamics.
The relative force index (RSI) is at 43, with a mobile average at 42. Values less than 50 indicate a weakening of the dynamics, oriented towards a downward perspective, although the levels remain above the threshold of occurrence at 30. The average directional index (ADX) is 20.45, indicating a lack of marked directional movement and a highly evolving market rather than in a clear trend.
On the Myriad prediction platform, participants attribute A probability of 75 % to a bitcoin withdrawal to $ 105,000reflecting a cautious perspective despite recent gains.
Ethereum remains neutral despite a strong whale activity
Ethereum fell 0.5 % in the last twenty-four hours. Its RSI was 52.50, while the signal line is higher at 56.77. These figures place him in a neutral area, neither over -going nor occurred, but with a dynamic in slowing down.
The ADX is currently 25.99, placing Ethereum, the second largest crypto, in a moderately oriented environment. However, the strength of the trend is weakening, suggesting a decline movement. Despite this, the activity of the whales remains significant. Market analyst Ali Martinez stressed that large investors have accumulated around 260,000 ETH in the last twenty-four hours, reporting continuous confidence among the main holders.
The key levels and the feeling of the market suggest where Ethereum could go in the short term:
- The support is first observed around $ 4,300, with a more solid base almost $ 4,000 if this level gives way.
- The resistance occurs nearly $ 4,490, while a firmer barrier is around $ 4,900, an area that could open the way to new gains if it is crossed.
- On the prediction platform Myriadtraders show optimism, attributing a probability of 77 % that ETH reaches $ 5,000 by the end of the year.
XRP remains under pressure
XRP has struggled since its summit at $ 3.6 reached in mid-July. The token has followed a descending trend, forming a lower series and higher successive highest. During the last six sessions, he closed in negative territory, confirming a persistent slide momentum.
Yesterday, XRP finished at $ 2.75. It has since increased by 2 % to reach $ 2.81. Although this represents a short -term gain, the price remains under the downward trend line.
The RSI is 42.93, reflecting a low -cut but without occurrence. The ADX is 19.17, indicating a very low trend force. This suggests that, although cryptocurrency is declining, the intensity of the trend decreases, which could lead to consolidation or possible inversion.
Key technical levels and market expectations for XRP include:
- Immediate support around $ 2.75, with a supporter of $ 2.50 if the first fails.
- Immediate resistance at $ 2.90, aligned on the downward trend line, while a stronger resistance zone is between $ 3.00 and $ 3.05, which could mark the start of a recovery if it is crossed.
On the prediction platform Myriadtraders lean towards a lower perspective, attributing a probability of 78 % that XRP drops to $ 2.5 Before going back to $ 4.
Through the Crypto market, participants approach September with caution. The feeling has cooled, the history warns against a weakness, and the imminent decision of the federal reserve adds a new layer of uncertainty. Whether this month repeats its difficult or detached assessment will depend on both the market momentum and the signals sent by decision -makers.
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