- Technical overview of altcoins: Ethereum and XRP under pressure with continued decline:
Ethereum is trading at $2,338, maintaining a neutral to slightly bullish stance as the price stabilizes above the 50-day exponential moving average at $2,266 but remains trapped below the 100-day exponential moving average at $2,344 and the 200-day exponential moving average near $2,546.
The smart contract is also tracking an upward support trendline, with the latest reaction zone around $2,288, suggesting that buyers are still defending higher lows even as the MACD chart remains slightly negative on the daily chart and hints at a slowdown in bullish momentum; meanwhile, RSI around 55 indicates balanced and slightly positive pressure rather than a strong trend.
Daily chart of the ETH/USDT pair
On the upside, immediate resistance sits at the 100-day exponential moving average, around $2,344. A daily close above this key pivot level would reveal a stronger barrier at the 200-day exponential moving average near $2,546, where the broader bearish supply zone is likely to reappear.
On the downside, the initial support level aligns with the pivot point close to the current intraday trading range, followed by support along the upward trendline at about $2,288, with the 50-day exponential moving average at $2,266 acting as additional support. A decisive break of this converging range would weaken the bullish trend and open the door to a more clearly defined corrective phase.
Meanwhile, XRP is trading above $1.41, maintaining an overall bearish trend, with the price staying far below the 100- and 200-day exponential moving averages, which are $1.50 and $1.74 respectively. However, the transfer price is still slightly supported above the 50-day exponential moving average at $1.41, suggesting an initial attempt to stabilize after recent losses.
Momentum signals are slightly positive, with RSI hovering around 54 on the daily chart, and the MACD indicator chart showing it is slightly above the zero line, indicating that bearish pressure is easing but has not reversed yet, while the key long-term moving averages remain overhead.
On the upside, initial resistance appears near the descending trendline breakdown zone around $1.46, where previous rallies ran into difficulty, followed by the 100-day exponential moving average at $1.50. Easing the overall bearish trend requires sustained movement above these levels. On the bullish side, the 200-day exponential moving average at $1.74 represents a key medium-term barrier.
Daily chart of the XRP/USDT pair
On the downside, the 50-day exponential moving average at $1.41 provides immediate support. A daily close below this level would open the door to deeper corrections, while holding above it would keep short-term consolidation intact below the resistance area
