Crypto Market Update: Cryptocurrencies Still Lack Clear Direction

Summary Bitcoin holding above $100,000 still paints a broadly positive picture for cryptos, but markets are starting to be more careful at the recent ￰0￱ has recently rebounded on the $106,000 to $108,000 minor support area and is now consolidating within its major previous ATH ￰1￱ is still far from bearish and points more towards consolidation as long as prices hold above the $4,000-4,095 pivot ￰2￱ is going through a profit-taking phase, having breached the $3.00 that was acting as a key psychological level. Solana's price action is probably the most bullish out of all other ￰3￱ Elior Manier We are assisting at a very mixed picture across different asset ￰4￱ are down after the long weekend, the US dollar is up but correcting from its highs since the ISM Manufacturing PMI report , and cryptocurrencies are sluggish but showing signs of ￰5￱ sending worrying signs throughout the past week of price action, with Bitcoin USD ( BTC-USD ) correcting for the whole past week and Ethereum USD ( ETH-USD ) marking a new record in a weak-looking price action, cryptos are finding a floor with traders bracing for the upcoming Non-Farm ￰6￱ has, for example, marked an intermediate low at around $107,000 at the extreme of its previous ATH support area and rebounding since, while Ethereum opens the week off its $4,200 ￰7￱ holding above $100,000 still paints a broadly positive picture for cryptos, but markets are starting to be more careful at the recent highs.

A huge boost to sentiment should be needed to push BTC to a renewed ATH, but everything is possible. However, Solana USD ( SOL-USD ) is still holding decent ￰8￱ the preparation of this shortened week of compact action (volumes were down hard yesterday due to a prolonged Labor Day weekend), let's take a look at intraday charts and levels for Bitcoin, Ethereum, Ripple USD ( XRP-USD ), and ￰9￱ reference, here is our previous crypto market ￰10￱ overlook on the Cryptocurrency Market Crypto market overview, September 2, 2025 () Technical analysis for the major cryptocurrencies Bitcoin ((BTC-USD)) 4H Chart BTC-USD 4H Chart, September 2, 2025 () Bitcoin has recently rebounded on the $106,000 to $108,000 minor support area and is now consolidating within its major previous ATH ￰11￱ above would bring back bullish trends back to life - for now, the picture for the intermediate term is mixed, and the short-term picture is still slightly bearish, as the action is evolving within a downwards channel (as seen on the chart) and the 4H MA 50 crossed below the MA 200.

A soft beat on NFP expectations would be the goldilocks conditions for Bitcoin, as the Fed would still be expected to cut rates while sentiment wouldn't degrade too harshly. A strong miss could send fears of a too-late Fed, while a strong beat would take out hopes for ￰12￱ of interest for BTC trading: Support Levels: $110,000 to $112,000 previous ATH support zone (currently getting tested). $106,000 to $108,000 minor support. $100,000 main support at the psychological ￰13￱ Levels: $112,000 previous ATH – immediate resistance level. $115,000 to $117,000 pivot zone (most recent rejection). Major resistance $122,000 to $124,500. Current all-time high $124,596.

Ethereum ((ETH-USD)) 4H Chart ETH-USD 4H Chart, September 2, 2025 () Ethereum has weakened since its past-week new all-time high (around $4,950). Some technical concerns could be noted due to the sharp rejection right after marking its new record, not the best sign for continuation (watch Bitcoin's previous $72,000 ATH in November 2021 if you haven't). Nonetheless, the action is still far from bearish and points more towards consolidation as long as prices hold above the $4,000-4,095 pivot ￰14￱ buyers holding steady at the $4,200 level, bulls haven't given up anything ￰15￱ on this as the week progresses. Don't forget that decisive momentum should pick up after Friday's US NFP ￰16￱ of interest for ETH trading - Support Levels: $4,200 to $4,300 consolidation zone (getting tested). $4,000 to $4,095 main long-run pivot. $3,500 main support ￰17￱ Levels: $4,460 MA 50 (acting as immediate resistance). $4,950 Current new all-time highs. $4,700 to $4,950 all-time high resistance ￰18￱ main resistance $5,230 Fibonacci ￰19￱ ((XRP-USD)) 4H Chart XRP-USD 4H Chart, September 2, 2025 () Ripple is going through a profit-taking phase, having breached the $3.00 that was acting as a key psychological ￰20￱ evolving within a downwards channel, it appears that the path is for gradual ￰21￱ buyers have stepped in at the $2.60 support zone, which will be one of the last barriers before a retest of the previous break (around $2.20) would get higher probabilities of ￰22￱ of interest for XRP trading: Support Levels: $2.60 to $2.70 immediate support (getting tested). $2.20 to $2.30 next key support. $2.00 psychological ￰23￱ Levels: 4H MA 50 $2.80. $3.00 Key momentum pivot, now acting as ￰24￱ ATH resistance is around $3.66.

Solana ((SOL-USD)) 4H Chart SOL-USD 4H Chart, September 2, 2025 () Solana's price action is probably the most bullish out of all other ￰25￱ biggest rival for Ethereum's dominance has held its upward channel and recently tested its upper ￰26￱ technical short-timeframe top has led to some small profit taking, but the action stays bullish above the $185 momentum pivot, which coincides with the middle of the channel, essential for momentum ￰27￱ of interest for SOL trading: Support levels: $185 momentum pivot and recent swing lows. $160 major support and the low of the channel. $150 psychological ￰28￱ Levels: $200 psychological level (getting tested).

Current highs are $216 and the top of the upward ￰29￱ all-time high $295. Safe Trades! Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.