Crypto Frontline

BTCUSD (Coinbase)

Bitcoin weakness continues as the crypto market enters the most bearish period of the year. It looks like seasonality plays itself out in line with regular trends in 2025, which means there could be more selling until October. 

The series of lower lows and lower highs confirms sellers are entering on bounces, and so far, there is only limited support around $108k. We expect more buyers to step in only around $101k – $100k, which is a major support area. 

For now, bears hold the upper hand and should continue to do so as long as the price trades below the primary and secondary trend lines drawn on our chart above. We’ll gradually shift to bullish only if the price manages to start breaking above them, one by one. 

Don’t forget the price is also trading below the daily 20 EMA, already treating it as resistance 2 times. That’s not how a bullish market unfolds. The RSI hasn’t reached oversold conditions yet, meaning there could be space for more selling until BTC finally bottoms out. 

ETHUSD (Kraken)

Ether continues to be in a better position when compared to Bitcoin. We say that because the price hasn’t retraced that much from the 2025 highs and at the same time, we see the daily 20 EMA keeps acting as support, preventing further selling.

In case BTC selling will accelerate this week, then ETH could also weaken below the blue line, but still, we have a rising trend line not far below, able to cap selling. The uptrend looks better here and if bullish momentum returns, Ether might be a major beneficiary. 

We continue to see the price as locked in a range. The lower bound comes at $4,100 – $3,950 and the upper side of the structure is located close to $4,800. A break on either side is needed to confirm the path ahead.  The market could be choppy during the first half of September and then selling could pick up again, if seasonality plays out in line with the general trend. 

XRPUSD (Kraken)

Even though it managed to reach a new high in mid-July, XRP has been consolidating lower since then. The price continues to be under pressure, and now it seems like the next target could be $2.6 or the daily 200 SMA, located below $2.5. 

At the same time, we can draw a bullish trend line going back to November 2024. That’s another important support area. As long as XRP trades above it, buyers are the ones holding the upper hand long-term. 

In the meantime, we can see short-term moves on both sides of the market, an environment favorable for traders. On the upside, $2.9 and $3.4 are major resistance levels. The daily 20 EMA is also capping the upside, and that suggests buyers will have to exceed it in order to drive the market higher. We expect some more selling in XRP this month, but not necessarily a trend reversal.