August 24, 2025 Crypto Market Morning Review: Ethereum sentiment ignites and awaits a breakthrough, Bitcoin oscillates and adjusts in search of direction.

CN
10 hours ago

Good morning, crypto friends ☀️! I am Wang Yibo. Today is Sunday, August 24, 2025. A new day brings new market observations. Iron fans, remember to check in 👍, and to those who like, I wish you great wealth 🍗🍗🌹🌹! In the crypto market, only by tracking real-time hotspots and accurately grasping the best trading opportunities can we take the initiative in the ever-changing market. Next, let's discuss the current market dynamics of Bitcoin and Ethereum.

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Ethereum: Sentiment Ignites Hope for Breakthrough, Key Resistance Awaits Attack

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Recently, the crypto market has seen a rise in enthusiasm, with Ethereum becoming one of the focal points. From a fundamental perspective, the structural pattern is gradually improving, and the continuous entry of institutional whales has injected strong momentum into Ethereum. Market sentiment has been ignited, and we continue to be optimistic about the continuation of the upward trend.

However, the weekend market has shown some typical characteristics, with a decrease in turnover rate, which is a normal phenomenon. The buying and selling behavior of short-term investors is relatively balanced, and both bulls and bears are temporarily in a stalemate. Moving forward, the market trend of Ethereum is likely to be influenced by two key factors: first, the emotional transmission after the U.S. stock market opens. As an important barometer of the global capital market, its fluctuations often have a ripple effect on the crypto market; second, investors' re-interpretation of Powell's speech. The Federal Reserve's policy direction has always been an important variable affecting market liquidity and risk appetite, and each speech may trigger adjustments in market expectations for future monetary policy.

Looking back at Ethereum's recent performance, after reaching a historical high of 4888, it entered a phase of consolidation and correction. In yesterday's early session, the price dipped to a low of 4661, then rebounded to oscillate above 4700, overall still fluctuating within a key range, lacking sustained upward or downward momentum. It is important to note that the current trading volume has shrunk significantly, and the moving averages are entangled, which severely undermines the reliability of the previous bullish signals, reflecting a strong wait-and-see sentiment among market participants and insufficient capital activity.

Currently, the 4888 level has formed a strong resistance, with the price failing to achieve an effective breakthrough after multiple approaches, indicating heavy selling pressure near that point. Combined with the continuous shrinkage of trading volume and the entangled state of moving averages, the market lacks sufficient upward momentum for a breakout in the short term, and the price is likely to experience a pullback adjustment near the resistance level. However, from a long-term perspective, the inflow of institutional funds and the warming of market sentiment lay a good foundation for Ethereum. As long as it can break through the key resistance, the upward trend is expected to continue.

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Bitcoin: Weakness in Downward Fluctuation, Bulls Awaiting Power

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In contrast to the rising sentiment in Ethereum, Bitcoin's market on Saturday continued its previous fluctuating pattern, showing a downward trend during the day. Specifically, the price first rebounded from a low of 111631 to a high of 117393, but faced significant pressure at that position, subsequently entering a phase of downward correction. The overall market was in a weak correction range yesterday, with the lowest drop in the evening session to 114521 before rebounding, and as of now, the price is operating around 115100.

From a technical analysis perspective, the four-hour chart provides a clear signal: after breaking through the upper Bollinger Band, the market failed to hold the high position and instead faced pressure and retreated, with the price gradually approaching the middle band of the Bollinger Bands, clearly showing a pattern of probing highs and retreating. Although yesterday's gains were not completely reversed, all indicators are showing a downward trend, with bearish momentum gradually dispersing and the downward trend slowly spreading.

However, we also need to view the current market state objectively. Although it appears weak in the short term, there are no signs of shrinking or shifting market momentum. It is more about the bulls taking a brief rest at high levels, digesting previous profits through a pullback, laying the groundwork for further upward movement. For Bitcoin, attention should be paid to the support strength around 114500 and the resistance breakthrough around 117500. If it can hold the support and regain the key resistance level, it is expected to regain upward momentum; conversely, if the support is lost, it may further test lower levels.

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Market Summary and Trading Suggestions

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The current crypto market presents a differentiated pattern of "rising sentiment in Ethereum and fluctuating consolidation in Bitcoin." Whether it is the key resistance breakthrough issue facing Ethereum or the fluctuating adjustment trend of Bitcoin, both indicate that the market is at an important directional choice stage. Any shifts in policy, the release of macroeconomic data, or changes in the flow of institutional funds could become key variables that break the current balance.

In such a volatile market, relying solely on technical analysis or news interpretation is insufficient to fully grasp market dynamics. Therefore, I suggest that all crypto friends closely monitor changes in policy and market sentiment, keeping up with real-time hotspots. Follow Yibo, and I will timely convey real-time market dynamics, interpret key news, and analyze technical trends to help you seize opportunities in a complex market. Remember, the crypto market is fraught with opportunities and risks; only by maintaining rationality and following trends can we steadily advance in the market and reap our own rewards!

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If you are feeling lost—don’t understand the technology, don’t know how to read the market, unsure when to enter, don’t know how to set stop-losses, don’t understand take-profit, randomly increasing positions, getting stuck at the bottom, unable to hold onto profits, missing out on market movements… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth more than a thousand words; finding the right direction is better than repeated failures. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code below the article to follow my public account. The market changes rapidly, and due to review timeliness, subsequent trends will be based on real-time layouts. I look forward to steadily advancing in the market with you.

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