Bitcoin, Ethereum and Binance Coin – European Wrap 2 September

Bitcoin price shows an ongoing consolidation as it hovers at the same level for the past six days with no signs of directional bias. A breakout from this tightening range could result in a bearish move that eyes a sweep of the sell-stop liquidity below recent lows.


Ethereum (ETH) price is attempting to crack above a major moving average that, if it gives way, could open the door to a 20% rally back up to the August highs at $2000, with along the way $1,688 and $1,928 as good handles along the way to book some gains. If bulls can close above the MA by this evening it will give the green light for a jump higher; a close below, however, could trigger a fade lower towards supportive levels as September finally starts to get underway.


ETH/USD Daily chart

Binance Coin price is at an inflection point which could result in a steep correction if sellers take control. However, buyers are also in a position where they can seize control and reverse the trend.


BNB/USDT 1-day chart





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