Bitcoin News Today: September Crypto Crossroads: Bitcoin's Divergence and Ethereum's Crucial Resistance Test

Bitcoin and Ethereum remain under close observation as traders and analysts assess key price levels for potential breakouts in September. Bitcoin is currently trading near $110,467, down 0.31% over the past 24 hours, amid growing anticipation for a potential push toward $124,500. Analysts have pointed to a hidden bullish divergence on Bitcoin’s weekly RSI as a possible reversal signal, suggesting that if BTC holds the $105K–$110K support zone, it could set the stage for a new 2025 high within 4–6 weeks [1].

Ethereum, on the other hand, has seen a more bearish trend, currently trading below $4,550 after struggling to break through the $4,630 resistance level. With the RSI below 50 and bearish momentum on the hourly MACD, Ethereum appears to be consolidating in a critical zone that could determine its near-term direction. Some analysts believe a break above $4,530 could trigger a move toward $4,800 and even $5,000 if bullish conditions align [5]. However, a failure to reclaim key resistance levels may see Ethereum drifting back toward $4,200 or below [4].

The macroeconomic backdrop also plays a pivotal role in shaping the crypto market. The U.S. Dollar Index (DXY) has seen its correlation with Bitcoin weaken to –0.25, the lowest in two years, potentially supporting risk-on sentiment in the crypto space. With the Federal Reserve expected to cut interest rates later this year, analysts argue that this could drive significant capital inflows into the market, particularly into altcoins, with some projecting multi-10x gains for certain tokens [1]. Additionally, the Ethereum network is experiencing a record validator exodus, with nearly $5 billion in ETH waiting to be withdrawn, though some analysts view this as a sign of healthy market dynamics rather than a bearish signal [4].

XRP, meanwhile, has stabilized after a recent rally to a record high of $3.65 in July, and is currently trading at $2.83. The token’s legal battle with the SEC concluded in late August, with the court ruling that XRP is not a security. Crypto lawyer John Deaton credited the “XRP Army”—a grassroots network of tokenholders—for playing a decisive role in the case, with Judge Analisa Torres citing XRP holder submissions in her ruling. Ripple executives also acknowledged the community’s efforts in uncovering key regulatory statements that bolstered the company’s defense [6].

Looking ahead, September could prove to be a pivotal month for Bitcoin and Ethereum. For Bitcoin, the key is maintaining the $105K–$110K support zone to trigger a move toward $124,500, while Ethereum’s success will depend on breaking through the $4,530–$4,550 resistance cluster. Both assets are showing signs of a potential breakout, though the risks of a deeper correction remain if key levels fail to hold [2]. Analysts and traders are closely monitoring technical indicators and macroeconomic developments to gauge the market’s next move.

Source: [1] Bitcoin Price Today: Will BTC Break $110K in September? (https://icobench.com/news/bitcoin-price-today-can-btc-break-110k-resistance-in-september/) [2] Bitcoin (BTC) Price Prediction: Analyst Sees BTC at $140,000–$200,000 by Year-End If Price Reclaims Key Support (https://bravenewcoin.com/insights/bitcoin-btc-price-prediction-analyst-sees-btc-at-140000-200000-by-year-end-if-price-reclaims-key-support) [3] Ethereum Price Declines Below $4,550 as Bears Gain Momentum (https://holder.io/news/ethereum-price-drops-below-4550-as-bears-gain-momentum/) [4] Ethereum (ETH) Price: Technical Indicators Show Bearish Momentum Below $4,550 (https://blockonomi.com/ethereum-eth-price-technical-indicators-show-bearish-momentum-below-4550/) [5] Ethereum Price Prediction: Will ETH Break $5,000 in September? (https://www.bitrue.com/blog/ethereum-price-prediction-5000-breakout-september) [6] XRP Army Credited With Helping Ripple Defeat SEC (https://cryptorank.io/news/feed/6b367-xrp-army-credited-with-helping-ripple-defeat-sec)