Dalmas Ngetich - Crypto Economy

Ethereum in a Bear Flag, Critical Support at $1.25k

Ethereum maybe bullish in the long term because of the Merge but ETH prices are currently under pressure, finding support at $1.25k.

Binance coin, BNB, is under pressure and down seven percent from last week’s peak. However, it remains bullish above $260.

Bitcoin prices are stagnant at around $20k amid European Union’s new round of sanctions this time targeting crypto wallets from Russia.

Ethereum is up 10 percent from last week’s lows. However, there must be confirmation for ETH bulls to reclaim $1.5k in the short term.

Ripple is within a bullish formation, buoyed by the on-going case against the U.S. SEC. XRP is trading above $0.40 primary support.

Bitcoin is steady, trending inside a $1.5 range. Traders are hopeful of a stronger bounce towards $22.5k in the short to medium term.

Ethereum is down seven percent in the past trading day as ETH slips to bearish territory despite attempts higher on September 27.

Ripple is one of the top performers. XRP is up 60 percent in roughly four weeks, outperforming Bitcoin and Ethereum.

Bitcoin prices recovered on September 22, rallying from $18.5k. However, BTCUSDT remains within a bear breakout formation.

Ethereum remains under immense selling pressure. The coin is down 17 percent week-to-date and below $1.5k in a bear continuation formation.