Bitcoin and altcoin usher in a critical week
Bitcoin and mainstream altcoin markets have entered a critical week. This week, a series of major events are expected to occur in the financial and cryptocurrency worlds. This week begins tomorrow (September 15) with a vote on the Clarity Act, followed by the Federal Reserve's interest rate decision on Wednesday.
Although current price fluctuations are inevitable, well-known analysts provide the latest technical analysis of Ethereum (ETH), Ripple (XRP) and Sui (SUI).
Ethereum: Impact of the $3000 Scenario
Well-known cryptocurrency analyst Ali Martinez pointed out in his latest analysis that Ethereum's 12-hour chart has formed a rising triangle. According to its analysis, if ETH breaks through the upper resistance level of this form, it will pave the way for an upward trend.
Martinez recalled that Ethereum had previously broken through from a similar pattern and gained about 31% in three days. He speculated that if a similar market repeats itself, ETH is expected to move towards the US$3,000 mark.
SUI: Sending a positive signal
Martinez also paid special attention to another altcoin SUI. He pointed out that the TD Sequential indicator on SUI's 12-hour chart sent a new signal, which could signal a trend reversal.
This signal came after the SUI fell back into the US$0.70 - 0.72 support range. At the same time, analysts also reminded investors that this signal alone does not confirm a new upward trend.
XRP: Expected breakthrough
Finally, Martinez pointed out an important technical form of XRP. He said in yesterday's post that if XRP can remain above the support range of $1.31 - 1.35, prices are expected to move towards the apex of the triangle pattern in the chart.
Analysts emphasized that US$1.38 is the key resistance level for XRP. In addition, a strong break through this resistance level will strengthen bullish scenarios and create conditions for prices to move towards $1.60. However, the post did not give a specific price target;Martinez only said that as long as the support range is maintained, he expects XRP to move towards the peak of the pattern.
* The above content is for reference only and does not constitute investment advice.

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