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Crypto Price Analysis & Overview September 17th: Ethereum, Ripple, Cardano, Solana, & Avalanche

Ethereum

Ethereum is up by a small 1.2% over the past week of trading as the cryptocurrency currently sits at around $3450. The coin reached support at $3205 (.5 Fib) last Friday and started to rebound higher from there. The support at $3200 was further bolstered by a rising trend line that extends back to August.

On Wednesday, ETH managed to break the 20-day MA level again as it surged to $3600. Unfortunately, it could not close a daily candle above $3600 and ended up falling back beneath the 20-day MA level today.

Looking ahead, the first solid support lies at $3400. This is followed by $3350 (August resistance), $3200 (50-day MA & .5 Fib), $3000 (. 618 Fib), and $2890 (August support).

On the other side, the first resistance lies at $3525 (20-day MA). This is followed by $3600, $3790 (bearish . 786 Fib), and $3975 (September resistance & 1. 272 Fib Extension). Beyond $4000, added resistance lies at $4060 and $4200.

ethusd-sep17-min
ETH/USD Daily Chart. Source: TradingView.

ETH is also in a similar situation against BTC as it dropped beneath the 20-day MA level again today. Support was found at 0. 0711 BTC (. 382 Fib & 20-day MA) last Friday and started to rebound from there. On Wednesday, ETH managed to break the 20-day MA and push higher to 0. 076 BTC yesterday.

Unfortunately, it was unable to overcome resistance at 0. 076 BTC yesterday and has since dropped beneath the 20-day MA at 0. 074 BTC to the current 0. 0728 BTC level. The September ascending trendline is currently supporting it.

Looking ahead, the trend line is the first support. Then follows 0. 072 BTC, 0. 0711 BTC (. 382 Fib), 0. 07 BTC (50-day MA) and 0. 0691 BTC.

On the other hand, the first resistance lies at 0. 074 BTC (20-day MA). Then, follow by 0. 076 BTC, 0. 0765 BTC (beraish . 786 Fib), and 0. 0787 BTC.

ethbtc-sep17-min
ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP is down a small 1.8% this week as it currently trades at around $1.06. The price range for cryptocurrency is $1. 14 and $1. 05 over the past ten days and must break this range to dictate the next direction for the market.

The support of the range is provided by a .5 Fib and a 50-day MA. If the sellers breach the lower limit of the range at $1. 05, the first support lies at $1.00. The next support is $0. 95 (. 618 Fib), $0. 92 (200-day MA), $0. 86 (100-day MA), and $0. 8282 (2020 highs).

On the other hand, $1 is the first resistance. 15 (20-day MA & upper boundary of the range). The next step is $1. 25 (Feb 2018 highs), $1. 30, $1. 36 (1. 618 Fib Extension), and $1.40.

xrpusd-sep17-min
XRP/USD Daily Chart. TradingView.

It is also struggling against BTC as it falls beneath the 50-day MA level today. The coin did try and push higher at the start of the week as it surged above 2400 SAT to hit 2450 SAT. There, it found resistance at the 20-day MA and reversed from the level.

XRP would fall throughout the week until support was found at 2290 SAT (. 382 Fib & 50-day MA) yesterday. The bears pushed beneath this support today to hit 2240 SAT.

Looking ahead, the first support lies at 2200 SAT. This is followed by 2155 SAT (.5 Fib), 2100 SAT (100-day MA), 2050 SAT (200-day MA), and 2000 SAT (. 618 Fib).

On the other side, the first resistance lies at 2300 SAT (50-day MA). This is followed by 2400 SAT (20-day MA), 2500 SAT, 2670 SAT (bearish .5 Fib), and 2230 SAT (1. 618 Fib Extension).

xrpbtc-sep17-min
XRP/BTC Daily Chart. TradingView.

Cardano

ADA is down by 5.5% over the course of the week as it currently trades at the $2. 35 support (. 382 Fib Retracement). This support was in place last week. The coin attempted to rise higher, but failed to overcome resistance at $2.8- over the course of the week.

It is currently locked in a range of $2. 60 and $2. 35 and must break this range to dictate the next direction for the market.

If the sellers break $2. 35, the first support is expected at $2. 25 (50-day MA). The next step is $2. 16 (.5 Fib), $2. 00 (. 618 Fib), and $1. 80 (100-day MA).

On the other side, the first resistance lies at $2.50. The next step is $2. 64 (20-day MA), $2. 80, $2. 96 (1. 272 Fib Extension), and $3.00.

adausd-sep17-min
ADA/USD Daily Chart. TradingView.

ADA is also struggling against BTC as it breaks beneath the 5000 SAT support today. The coin had reached 5340 SAT (. 236 Fib) support last Friday and rebounded higher from there over the weekend. Unfortunately, it could not break resistance at 6000 SAT and ended up rolling over from there as the week progressed.

By Tuesday, ADA broke beneath the 5340 SAT support and continued into 5000 SAT, which was finally breached today.

Looking ahead, if the sellers continue lower, the first support lies at 4925 SAT (. 382 Fib). This is followed by 4825 SAT (50-day MA), 4590 SAT (.5 Fib), and 4250 SAT (. 618 Fib & 100-day MA).

On the other side, the first resistance lies at 5000 SAT. This is followed by 5340 SAT, 5500 SAT (20-day MA), 6000 SAT, and 6200 SAT (1. 414 Fib Extension).

adabtc-sep17-min
ADA/BTC Daily Chart. TradingView.

Solana

SOL is down by a strong 23.5% over the past week as it currently sits at around $139. The cryptocurrency had been on an incredible monthly run and is still up 105% on the month, despite the recent price drop.

It managed to reach as high as $216 at the start of September but has been in a retracement period ever since. Throughout the week, SOL managed to develop support at $151 (. 236 Fib). However, the sellers broke beneath this support today as they broke beneath the 20-day MA to reach the current $139 level.

Looking ahead, the first support lies at $126 (. 382 Fib). This is followed by $120, $106 (.5 Fib), $100, and $90 (50-day MA).

On the other side, the first resistance lies at $151 (20-day MA). This is followed by $160, $180, $200, and $216.

solusd-sep17-min
SOL/USD Daily Chart. TradingView.

SOL is also in a retracement period against BTC as it currently sits at 0. 00294 BTC. BTC. 0046 BTC at the start of September.

This week, SOL fell below the ascending price channel on Tuesday in order to get support at 0. 0033 BTC (. 236 Fib). Yesterday’s SOL was below 0. 0033 BTC to find the 20-day MA support at 0. 0314 BTC. Today, SOL broke the 20-day MA and fell beneath 0. 003 BTC to find the support at 0. 00282 BTC (. 382 Fib).

Looking ahead, if bears break 0. 00282 BTC, the first support lies at 0. 0025 BTC. Then, follow by 0. 00242 BTC (.5 Fib), 0. 002 BTC (618 Fib & 50-day MA), and 0. 0019 BTC.

On the other hand, the first resistance lies at 0. 003 BTC. Then, follow by 0. 0033 BTC (20-day MA), 0. 0035 BTC, 0. 004 BTC (1. 414 Fib Extension), and 0. 00429 BTC (1. 618 Fib Extension).

solbtc-sep17-min
SOL/BTC Daily Chart. TradingView.

Avalanche

AVAX is up by an incredible 58% this week as the coin surges as high as $69 to put it in the 11th ranked position. It was trading at around $40 (20-day MA) last Friday as it started to surge higher. By the end of the weekend, AVAX had already managed to reach as high as $60.

After a brief retracement to $50, the cryptocurrency started to climb again on Wednesday. Yesterday, it surged past $60 and reached as high as $68. It continued today to reach resistance at $69 (1. 272 Fib Extension) but has since dropped to $66.

Looking ahead, the first resistance beyond $69 (1. 272 Fib Extension) lies at $73. 65 (1. 414 Fib Extension). This is followed by $78. 35, $80 (1. 618 Fib Extension), $85, and $90.

On the other side, the first support lies at $64. This is followed by $60, $55, $52 (20-day MA), and $48.

avaxusd-sep17-min
AVAX/USD Daily Chart. TradingView.

Against BTC, AVAX is also performing very well as it trades at 0. 00141 BTC. The coin traded at 0. 00087 BTC (20-day MA) last Friday as it started to push higher to end the weekend at 0. 0013 BTC. Yesterday, AVAX broke 0. 0013 BTC to reach the current 0. 00141 BTC level.

Looking ahead, the first resistance can be seen at 0. 00147 BTC (1. 618 Fib Extension). Then follow 0. 0015 BTC, 0. 00153 BTC, 0. 00163 BTC (1. 282 Fib Extension), 0. 0017 BTC, and 0. 00173 BTC (1. 414 Fib Extension).

On the other hand, the first support is at 0. 0014 BTC. Then, follow by 0. 00132 BTC, 0. 00122 BTC, 0. 0011 BTC (20-day MA), and 0. 001 BTC.

avaxbtc-sep17-min
AVAX/BTC Daily Chart. TradingView.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether or not to invest. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

Cryptocurrency charts by TradingView.

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Ethereum

Spot Ethereum ETF Demand Outpaces Bitcoin’s – Is a Flippening Coming?

Following the solid end in January, the spot Bitcoin ETFs have shown some mixed reactions to the macroeconomic uncertainty that started with US President Trump’s tariffs.

In contrast, the Ethereum ETFs have enjoyed the past week by registering more net inflows than their BTC counterparts for the first time.

Ethereum ETFs See Substantial Demand

Recall that the Ethereum ETF start in late July last year was anything but impressive as investors were in a hurry to move their funds out of the Grayscale Trust, which was now converted into a spot exchange-traded fund. Unlike the case with BTC, though, where they transferred most of the amount toward IBIT and other ETFs, all Ethereum products were in the red for many weeks.

However, things changed a few weeks after the US elections, and the ETFs had a 19 consecutive day period with only net inflows or at least no reportable outflows. A similar but smaller streak was recovered in mid-January and in the past week and a half as well. January 29 was the last date for net outflows from the spot ETH ETFs, with a minor $4.7 million exiting the funds.

Since then, it’s been well in the green or no outflows. The past week alone saw $83.6 million poured in on Monday, a remarkable $307.8 million on Tuesday, and a more modest $18.1 million on Wednesday, as well as $10.7 million on Thursday. Friday was a no-action day.

This puts the total for the week at $420.2 million, which is quite impressive given the economic uncertainty. In the meantime, though, ETH’s price has tumbled by more than 14% and now struggles to remain above $2,600.

Different Bitcoin Story

The spot Bitcoin ETFs, which recently celebrated their first birthday, had a different week. On Monday, the first business day following the tariffs against China, Mexico, and Canada, investors withdrew $234.4 million from the funds, followed by another $140.2 million on Thursday.

The positive numbers on Tuesday ($340 million), Wednesday ($66.4 million), and Friday ($171.3 million) managed to offset the losses, and the BTC ETFs finished the week at $203.8 million in net inflows. However, it signals a major shift (or flippening, if you will) between the Ethereum ETFs and the Bitcoin counterparts.

Within this timeframe, BTC’s price also went south hard, dumping to under $92,000 on Monday, but has lost a more modest 3% on a weekly scale, compared to ETH’s 14% drop.

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Ethereum

Ethereum L2 Taiko and DoraHacks Are Launching the Largest Anonymous Community Vote in Crypto History

[PRESS RELEASE – Singapore, Singapore, February 7th, 2025]

Taiko, an Ethereum Layer 2 network, and DoraHacks, the largest hacker movement in crypto, are spearheading the biggest anonymous community vote ever conducted in Web3. The initiative aims to advance decentralization in community governance through the Taiko Grant Factory Hackathon.

The Taiko Grant Factory Hackathon is designed to unleash developer creativity—driving innovation, interactive applications, and projects with real-world impact. After months of intense competition, the finalists are now heading into the voting phase—one of the biggest steps yet toward large-scale, community-driven decision-making.

At the core of this vote is Minimal Anti-Collusion Infrastructure (MACI), a game-changing privacy-preserving and collusion-resistant voting mechanism originally conceptualized by Ethereum co-founder Vitalik Buterin. Vitalik has long pointed out the fundamental flaws of traditional voting systems—fraud, collusion, privacy leaks—and MACI is Ethereum’s answer to fixing them. Dora Factory, the decentralized governance protocol, carried Vitalik’s mission and shipped the best MACI product the market has seen.

For the final round of Taiko’s Grant Factory Hackathon, voting will be executed entirely on-chain via MACI, ensuring encrypted ballots, zero-knowledge proof integrity, and protection against vote buying and collusion. Users will submit their votes through smart contracts, with timestamps recorded on-chain, making the process transparent yet private. At the end of the voting round, results will be revealed by the designated operator, ensuring both fairness and credibility. As an incentive, Taiko is distributing 50,000 Trailblazer points to participants, which will later translate into an airdrop.

“This is decentralization in action,” says Ben Wan, Taiko’s Community Director. “We’re thrilled to bring MACI to this scale and grateful to the community for participating in Taiko’s growth. The future of Ethereum is decentralized, and we’re here to make that happen—together.”

This vote isn’t just big—it’s historic. Over 920,000 participants are taking part, making it the largest whitelisted anonymous community vote in Ethereum’s history

The voting event has attracted significant participation, with more than 920,000 individuals expected to take part, making it one of the largest whitelisted anonymous community votes in Ethereum’s history.

Steve Ngok, Partner at DoraHacks, adds: “We’re incredibly excited to work with Taiko on launching the biggest MACI-powered vote in Ethereum history. DoraHacks and Dora Factory have committed resources to expanding Ethereum’s mission—advancing MACI for decentralized governance and privacy protection. We look forward to exploring MACI’s full potential alongside Taiko and its dynamic community.”

About DoraHacks

DoraHacks is the world’s largest hacker movement and a leading global platform for open-source funding, hackathons, and developer grants. Since its inception in 2014, DoraHacks has empowered 200,000 developers and funded 20,000 innovative startups in multiple frontier tech verticals in Web3, AI, Quantum, and more.

For more information on the Taiko Grants Program, users can visit https://taiko.xyz/grant-program.

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Ethereum

Crypto Price Analysis February-07: ETH, XRP, ADA, BNB, and SOL

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

The Monday crash took crypto by surprise during a historic liquidation event. Ethereum fell to $2,100 before it managed to recover some ground. The price is currently around $2,700 and closed the week with a 16% loss, being unable to go back above $3,000, which acts as a key resistance.

This price action has turned most charts bearish, including Ethereum, which just experienced a bearish cross on the weekly MACD. The selling volume also exploded, which shows fear in the market.

Looking ahead, Ethereum’s strongest support is currently at $2,400. Buyers have to defend this level if they want to avoid a fall below $2,000 later.

ETHUSDT_2025-02-07_12-37-26
Chart by Tradingview

Ripple (XRP)

XRP’s rally ended on Monday when the price fell to $1.8 momentarily until buyers returned. This has put sellers in control, and the price ended the week with a 24% loss. This was a sharp and expensive reversal for those who were bullish and took a position above $3.

While the asset is currently at $2.3, it could easily fall to $2 and $1.6, which are major support levels. Buyers appeared interested in under $2 on Monday, but the sentiment remains bearish, and their conviction could soon be tested again.

Looking ahead, XRP just started a major correction, which may take several weeks to complete before the price decides to go higher again. The market also needs time to digest this week’s drop. Therefore, it is best to be patient here.

XRPUSDT_2025-02-07_12-37-45
Chart by Tradingview

Cardano (ADA)

ADA also had a bad week after its price quickly fell to $0.5 on Monday but recovered somewhat after. Nevertheless, Cardano closes the week with a 21% loss. The momentum is bearish, and the downtrend is expected to continue.

The most important support level is found at $0.64, which could stop this nosedive. However, if the overall market sentiment remains bearish, this level could only be a short stop until a bottom is found at lower levels.

Looking ahead, Cardano is correcting sharply at the time of this post. If the $0.64 support cannot stop sellers, then the asset will likely revisit $0.5.

ADAUSDT_2025-02-07_12-38-01
Chart by Tradingview

BNB’s resilience was put to the test on Monday as the price fell to $500, a price not seen since September 2024. Buyers tried to hold this cryptocurrency above $600, but they were unable to do so, considering the asset closed the week with a 15% loss.

There is good support at $550 and $500, which will likely be revisited if buyers remain shy at this time. The best BNB can hope for is a bounce that could see it test the resistance at $600. A break above this level seems unlikely at this time.

Looking ahead, as long as bulls keep BNB above $500, then it has a good shot at returning on an uptrend later once market conditions improve.

BNBUSDT_2025-02-07_12-38-37
Chart by Tradingview

Solana (SOL)

Solana holders had a difficult time on Monday when the price fell under $200. They tried to bring it back above this key level, but failed after 24h, and closed the week with a 19% loss. At the time of this post, the price is around $190.

During this fall, the $200 level has turned into a key resistance, and the most important support line is now at $164. If bears continue to dominate, then SOL will likely test that support in the future.

Looking ahead, Solana’s momentum on the weekly timeframe is bearish, with the MACD and RSI making lower highs. This shows sellers are in charge, and they may hold the price under their control for quite some time. A possible reversal of this downtrend could happen in the $164 to $134 range.

SOLUSDT_2025-02-07_12-39-03
Chart by Tradingview
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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