Kraken Observes Ethereum’s Bullish Momentum Amid Market Volatility

Ethereum (ETH) is showing signs of a bullish resurgence as it rebounds from a recent market correction. After testing a key support level at $4,310, ETH has successfully climbed back above $4,580, breaking through a critical bearish trendline at $4,450 on the hourly chart. The 100-hourly Simple Moving Average (SMA) now acts as a nearby support level, reinforcing the potential for further upside. Traders and investors are closely monitoring the $4,650 resistance zone, which aligns with the 50% Fibonacci retracement level, as a decisive break above this level could signal stronger bullish momentum. The current market sentiment suggests growing confidence in Ethereum's near-term prospects, with Kraken and other major exchanges witnessing increased trading activity. As of September 2025, Ethereum's resilience amid broader market fluctuations highlights its strong fundamentals and investor interest. This development could pave the way for ETH to target higher resistance levels, provided the bullish momentum sustains.

Ethereum Price Eyes Upside Continuation Amid Market Correction

Ethereum's price action suggests a potential bullish resurgence as it rebounds from a recent downturn. After testing support at $4,310, ETH has clawed back above $4,580, breaching a critical bearish trendline at $4,450 on the hourly chart. The 100-hourly Simple Moving Average now serves as a nearby support level.

Market participants are watching the $4,650 resistance zone closely, which coincides with the 50% Fibonacci retracement of the recent pullback from $4,956. A decisive close above this level could signal renewed upward momentum, while failure to hold $4,460 may invite further downside pressure.

The recovery follows Ethereum's rejection near the psychological $5,000 level, where profit-taking emerged. Unlike Bitcoin's relatively stable performance, ETH experienced sharper volatility, underscoring its distinct market dynamics within the crypto ecosystem.

XRP Price Recovers Slightly, Faces Key Resistance Levels

XRP shows tentative recovery signs after dipping to $2.824, now testing the $3.00 psychological level. The 100-hour SMA and a newly formed trendline at $2.970 provide near-term support, but bulls face stiff resistance at $3.050 - a breakout level that could propel prices toward $3.120.

Technical indicators reveal a precarious balance. The 50% Fibonacci retracement level has been breached, but the 76.4% level at $3.050 poses the next challenge. Market sentiment mirrors broader crypto trends, with Bitcoin and ethereum exhibiting similar correction patterns.

Kraken's XRP/USD charts highlight the make-or-break scenario: sustained momentum above $3.10 could signal trend reversal, while failure may trigger retests of recent lows. The coming sessions will prove decisive for directional confirmation.

Kraken and SEC Crypto Task Force Discuss Asset Tokenization Amid Regulatory Concerns

Kraken and the U.S. Securities and Exchange Commission's crypto task force recently convened to explore the tokenization of traditional assets and the regulatory framework governing them. The meeting included discussions on the architecture of a potential tokenized trading system, legal considerations under federal securities laws, and pathways for regulatory clarity to foster innovation.

The dialogue underscores Kraken's broader ambitions in tokenized equities, following its May announcement to offer non-U.S. customers access to tokenized versions of popular stocks and ETFs, including Apple. The exchange's push into this space highlights the growing institutional interest in bridging traditional finance with blockchain technology.

Bitcoin Price Struggles to Rebound Amid Bearish Signals

Bitcoin's price action remains constrained below the $113,000 resistance level, with mounting concerns of a deeper correction. The flagship cryptocurrency failed to sustain momentum after testing the $108,750 support zone, reflecting persistent selling pressure.

Technical indicators paint a cautious picture. BTC currently trades below both the $112,500 psychological level and the 100-hour Simple Moving Average. A brief breakout above a bearish trend line at $111,350 offered temporary relief, but bulls lack conviction to push beyond the 50% Fibonacci retracement level of the recent downturn.

Market participants await a decisive MOVE above $113,000 to confirm trend reversal potential. Failure to hold $110,500 could accelerate declines toward lower support levels. The Kraken exchange data shows liquidity clusters forming around these critical thresholds.

Ethereum Price Faces Selling Pressure Amid Bearish Signals

Ethereum's price trajectory has turned bearish following a rejection at the $4,630 resistance level. The second-largest cryptocurrency by market cap now trades below both the $4,580 threshold and its 100-hour moving average, with technical indicators suggesting potential further downside toward $4,460.

The failed breakout attempt comes after ETH found temporary support at $4,310, mirroring Bitcoin's recent price action. While bulls managed to push prices above the 23.6% Fibonacci retracement level of the $4,956-to-$4,310 decline, the rally stalled at the critical 50% retracement level NEAR $4,630.

Market technicians note the breakdown of a rising channel pattern on hourly charts, with Kraken exchange data showing increased selling pressure. Immediate resistance now clusters between $4,580 and $4,710 - a zone that could determine whether ETH resumes its upward trajectory or extends corrections.

XRP Price Holds Ground Amid Market Consolidation

XRP shows resilience above the $2.920 support level as bulls attempt to regain momentum. The cryptocurrency faces immediate resistance near $3.020, with a decisive break above $3.080 potentially triggering another upward leg.

Technical indicators reveal bearish pressure following a break below the $3.020 triangle support on hourly charts. Market participants are closely watching the 100-hourly SMA near $2.980, which could serve as a pivot point for the next directional move.

The 50% Fibonacci retracement level of the recent swing from $2.824 to $3.080 continues to attract buyers. Failure to hold this level may see XRP test lower supports, while sustained buying pressure could invalidate the current bearish structure.