Ethereum Counts Down to Breaking $4,000, XRP and Dogecoin Under Pressure to Adjust

Ethereum (ETH) is showing momentum once again and is on the verge of breaking through $4,000. If the upward trend continues, it is expected to attract strong buying pressure by surpassing the short-term psychological resistance level of $3,815 (approximately 502,000 won). In contrast, XRP, which has fallen behind in the rally, is predicted to potentially collapse below $3, while Doge is at risk of being pushed below its major support line. Overall, as the pressure for adjustment in the cryptocurrency market increases, there is an assessment that differentiation by individual stocks is becoming full-scale. Ethereum (ETH) has smoothly risen to around $3,815 after strongly breaking through the $3,000 (approximately 401,000 won) range in early July. On the daily chart, it continues to maintain a clear upward structure with higher highs and lows. The short-term moving averages are also showing positive alignment, making the technical buy signal still valid. However, the psychological resistance level of $4,000 (approximately 505,000 won), which was previously a concentration point for retracements, is considered a strong resistance zone, and it is more likely to retry after a correction rather than directly breaking through. The Relative Strength Index (RSI) is staying in an overbought area, exceeding 80, so the possibility of short-term sideways movement or correction cannot be ruled out. If selling pressure erupts and breaks below the short-term support line of $3,750 (approximately 502,000 won), a retracement to the $3,400 (approximately 470,000 won) or $3,200 (approximately 440,000 won) range could occur. Experts view these points as potential zones for a "healthy pullback". In contrast, XRP is showing a pullback as fatigue from the recent rally accumulates. After strongly rising to over $3.70 (approximately 5,100 won) in early July, it has now fallen to the $3.11 (approximately 43 million won) level. On the daily chart, a "descending flag" pattern is forming with both highs and lows decreasing, and no clear low-price buying pressure is being seen. Some view this as a typical signal of a "distribution market", making further decline inevitable. Particularly, the $3 (approximately 42 million won) level is technically and psychologically a very important support line. If this level is breached, a retracement to $2.75 (approximately 38 million won) compared to the previous high could continue. The RSI is also drawing a downward curve, and as market participants' directions diverge, the upward momentum is gradually weakening. Doge is also showing an unstable trend with a strong decline following a recent sharp rise. It once rose to $0.29 (approximately 403 won) but has now dropped to the $0.22 (approximately 306 won) range. It has essentially returned most of its gains in just a few days. In particular, after breaking below the main moving averages since July, the downward trend has become more apparent, and trading volume remains insufficient compared to the expanded volatility. The RSI indicator is completely exiting the overbought zone, suggesting the extinction of the upward trend. Some market participants warn that if the $0.21 (approximately 292 won) level is also broken, it could fall to $0.20 (approximately 278 won) or lower. To reverse the situation, strong buying pressure accompanied by trading volume is needed, making Doge's short-term rebound potential still uncertain. Thus, Ethereum is approaching a breakthrough at its upward peak, while XRP and Doge are experiencing adjustments due to fatigue after the rally. In the short term, the battle around support and resistance lines is expected to become more intense, and the market flow in the coming days could significantly influence the overall cryptocurrency market's direction, requiring careful observation.