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BTC and ETH Price Analysis for September 25

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Sun, 25/09/2022 - 14:03
BTC and ETH Price Analysis for September 25
Cover image via www.tradingview.com

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Buyers could not keep the growth since yesterday, and most of the coins are in the red zone again.

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Top 10 coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by 0.75% on the last day of the week.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) could not fix above the $19,000 mark, which means that sellers remain more powerful than buyers.

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Thus, there is a gap at the $18,745 mark on CME, confirming a possible further drop. In this case, traders may expect a fall to the nearest support level at $18,271.

Bitcoin is trading at $18,968 at press time.

ETH/USD

Ethereum (ETH) has lost more than Bitcoin (BTC) as the price has dropped by 1.71% since yesterday.

ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is looking more bearish than bullish as buyers could not get it to the $1,400 zone. If the daily candle closes below the $1,300 mark, there is a chance to see ongoing decline to the $1,200-$1,250 area.

Ethereum is trading at $1,313 at press time.

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