Bitcoin maintained its position at approximately $112,000, marking a slight increase of 0.31% on September 25, according to AiCoin data. In contrast, Ethereum fell by 1.86%, dropping below the $4,100 mark. The cryptocurrency market experienced a shift in capital flow, with sectors like DeFi, Meme, and Layer2 seeing declines, while PayFi rose by 1.61%.
Ethereum's decline is linked to reduced trading volume, bearish technical indicators, and weak market sentiment, despite recent upgrades such as the Dencun upgrade. Analysts indicate that Bitcoin needs to surpass $113,300 to explore higher levels, while Ethereum must maintain above $4,500 to prevent further downturns. The upcoming weeks are crucial for both cryptocurrencies, with the Ethereum Fusaka hard fork scheduled for December.
Bitcoin Steady at $112,000 as Ethereum Dips Below $4,100
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