Bitcoin (BTC / USD), Ethereum (ETH / USD), Solana (SOL / USD) Prices, Charts and Analysis
- Bitcoin will post a new one at the top of several months.
- Ethereum wants to break over $ 4k.
- Solana will increase by 20% if DeF and NFT continue to rise.
With a strong end to the week, the cryptocurrency market arrives for the weekend with a strong backwind and the potential for short-term further gains. Bitcoin has just hit a multi-month high of just under $ 51,000, with Ethereum waiting for a new test for $ 4,000, while Solana will benefit from continued sales in the DeF and NFT space. Weekend trading can be volatile when volumes are usually lower, and this weekend is no exception, as volatility increases due to the US business day on Monday. No market can be called a one-way bet precisely or intelligently, and this applies to the cryptocurrency market, despite all the positive pricing and sentiment. That being said, it has been a buying market and not a rally market, where most coins are higher in the short to medium term. We have been constructive for the whole market over the last few months and we do not yet see anything to change this view.
Due to the highest break on August 23, at around $ 50,500, the 61.8% Fibonacci retracement of $ 51,100 will remain on a slight uptrend and return Bitcoin to its multi-month uptrend. If this important Fibi level is convincingly cleared, the next target in the daily charts will be double, which was introduced in early May at a price of $ 59,540.
Bitcoin (BTC / USD) Daily Price Chart September 3, 2021
Ethereum has enjoyed a strong week, posting three green candles in a row at Monday’s lowest price – $ 3,140. A break from the previous $ 3,378 of several months of resistance has accelerated the move to a higher, $ 4,000 high visibility before ATH is $ 4,379. Ethereum’s success against Bitcoin this week can be seen in the Ethereum / Bitcoin spread, which is currently trading at around 778, down from a low of 658 on Monday.
Ethereum (ETH / USD) Daily Price Chart September 3, 2021
After a quick sale on Tuesday, Solana is running higher again and posting new records. Increased activity in the DeF and NFT space continues to encourage movement, while its attractiveness as an alternative to Ethereum is also seen as a strong positive. The recent very successful sale of Degenerate Apes NFT has increased Solana’s turnover and is likely to support pricing in the event of a sale. The value of Degenerate Ape NFTs has risen sharply over the past two weeks, contributing to the rise of Solana, which is outperforming the seventh largest cryptocurrency by Dogecoin (DOGE).
Solana (SOL / USD) daily price schedule September 3, 2021
Chart through the trading view
The the cap on the bottom coin market continues to expand and remains in the rising channel seen since mid-July. The rise in mid-May is likely to be under pressure as the trend continues.
Cryptocurrency market minus Bitcoin September 3, 2021
Chart through the trading view
What is your view Bitcoin, Ethereum and the Alt-Coin market – bullish or bullish ?? You can let us know via the form at the end of this article or contact the author via Twitter @ nickcawley1.