Crypto Markets Updates
#Crypto Markets
Let’s recap and analyze the market so far!
September was a blue for crypto investors, with poor price action across the market.
#Bitcoin followed its usual September playbook, which gives some reassurance to those who’ve nervously watched BTC flirt with $40k support in recent weeks.
The rest of the crypto market also experienced a difficult September with some major names losing 15–20% over the month.
#ETH #BTC appears positioned for a significant move over the last several weeks; Q4 seasonality tends to favor the crypto market, which would imply ETH outperformance.
The downside risk is still material at these levels but the fundamental outlook is as strong as ever.
ETHUSD is trying to find support at its 38 fib retracement level (~$2,775) amid its recent price weakness and stalling momentum.
Panas
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Warden DeFi
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