We are now coming to the end of September and Fed started to cut interest rates quite strongly. Before the end of the year, the markets expect the total 100bp cut target to be realized. Keeping interest rates at the peak for more than a year was the factor that suppressed the risk markets. Well, now that the Fed is no longer a problem, ETHBTC, XRP And what are the latest experts’ predictions about the general market outlook?
ETHBTC Chart Comment
Benjamin Cowen reminded us of his view that the bottom in the ETH/BTC pair will be 0.03-0.04BTC in his latest market assessment shared hours ago. It is the lowest level since April 2021. ETHBTC We saw 0.0383 in the parity days ago. According to him, trying to catch the bottom zero to zero was not a smart move and the price saw the bottom. He shared his current prediction with the following sentences.
“If 0.038 fails to hold as support, 0.036 could provide support as it is also the 2016 high.
Again, I don’t know exactly where the bottom is. My view is that 0.03 is the worst case scenario, but I’d be surprised if it actually drops that low. For the sake of clarity, I think ETH/BTC will rally in 2025 and the debate over whether the bottom is 0.03, 0.036 or 0.038 is irrelevant.
In the last cycle, ETH/BTC bottomed when QE started, and that may still be a long way off. But let’s add that in 2016 and 2019, ETH/BTC bottoms lasted only 7-8 weeks, and we’re currently in week 8.
“When ETH/BTC crashed in both 2016 and 2019, ETH/USD crashed in Q4, but in 2019, ETH/BTC bottomed in September.”
Cryptocurrencies and XRP Coin
The path followed by stock markets is much more important for crypto investors during this period. While risk markets welcomed the Fed’s decision, we saw a new peak in the SPX. Macro expert Innocent also welcomes the rise and says that the latest employment data supports it.
XRP Coin At the time of writing, it is at $ 0.584 and continues to lose 1 percent of the day. The analyst known by the nickname Crypto Tony is expecting a new attempt above $ 0.64. The analyst, who wrote that he liked the current chart in terms of bullish expectations, is hopeful that a new movement will begin to $ 0.94.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
