Crypto market analysis - Bitcoin, Ethereum and altcoin charts

UNI rallied five straight days from 3.227 on 8/18 to 4.70 yesterday. The 4.577 level it's stuck at hasn't seen a daily close above it in 180 days. Unlike BTC and ETH, volume hasn't cooled off yet.

ETH cleared the April high of 2,465 on 8/21 and ran to 2,547 but couldn't hold it. It's been chopping around that level for three days, and volume has cooled from 5.2x to 1.5x. Just below, $88M in long liquidations sit between 2,340 and 2,420.

On 8/22 XRP hit 1.70 and closed at 1.46. Volume was 4.5x, yet the close was 14% below the high. Price now sits just above 1.42–1.45, where liquidations are clustered.

After hitting 79,500 on 8/21, BTC has spent three days in a 75,546–78,828 range. Volume has dropped from 2.9x to 1.0x, and the liquidation cluster has climbed to 75,500–76,600 over those three days.

After bottoming at 0.9862 on 8/14, XRP has reclaimed the MA200. But only 0.9% of 80-day volume sits at the current price, so if it slips there's nothing to catch it until 1.22.

Two days ago I wrote that ETH was "knocking on the 2,000 door." It didn't step over the threshold — it cleared it entirely. +17.5% on 8/19 on 3.9x volume, and now 2,360 is flipping from resistance to support.

On 8/19 BTC broke the line that had capped it for a month on 2.3x volume, and followed through on 8/20 at 2.8x. It's now right at 73,281–73,777, where the 61.8% retracement and the March 2024 high overlap.

Higher lows for two and a half months, lower highs, and Bollinger Band width squeezed to 8.6%. SOL is up 3% today, testing the top of the triangle. A hold above 79 brings the 81–84 gate into play; invalidation is 73.4.

XRP printed a yearly low of 0.986 five days ago and is now fighting over $1. Three months of lower highs, OBV sitting near new lows, and a -1.3% Kimchi premium mean there's no local demand either. Sidelined until 1.07 is reclaimed.

While BTC and ETH were building a base, DOGE alone printed a fresh yearly low in August. Highs have been falling for five months and OBV keeps sliding, so staying on the sidelines is the position for now.