BTC, UNI, ETH Under Pressure as Momentum Indicators Flag Early Bearish Signals

Bitcoin's price has dipped to $77,249 after a mild correction on Tuesday. Despite this decline, analysts maintain a bullish near-term bias for BTC as it holds above key Exponential Moving Averages (EMAs). The 50-day, 100-day, and 200-day EMAs are clustered between roughly $69,300 and $72,400.

Uniswap's price has surged to around $5.83 on Wednesday, with five consecutive days of gains. This has led to overbought conditions, according to the Relative Strength Index (RSI), which stands at 78. However, momentum indicators like the MACD and signal line continue to rise.

Ethereum's price has recovered significantly in August, gaining over 32% due in part to ETF inflows and whale accumulation. US spot ETH exchange-traded funds (ETFs) attracted $1.85 billion in net inflows during this period, their best month in over a year.