#Unlock High Yields with BTC Staking

#weekend market analysis
Altcoin Update: Both Ethereum and XRP show negative weaknesses
The price of Ethereum is testing the support level at the lower end of the consolidation range, around $2500. The 200-day exponential moving average reinforces the support level at $2473, while the 100-day exponential moving average is stable at $2351.

The downward trend of the Relative Strength Index, which is slightly below the midpoint, reinforces the negative impact on the price of Ethereum. If traders reduce their exposure, citing extreme volatility, the price may drop further, pushing the Relative Strength Index towards the oversold area.

However, as the support range at $2500 remains intact, a rebound may occur, allowing the price of Ethereum to close the gap to the recent peak of $2881, which was reached on Wednesday.

On the other hand, the price of Ripple hovers around $2.13 at the time of writing this report, with losses of about 5% over the day. The lower resistance path may remain bearish, supported by a sell signal from the Moving Average Convergence Divergence (MACD) on the daily chart. This signal, which was confirmed on Friday when the blue MACD line crossed below the red signal line, may make sell trades on Ripple attractive, increasing selling pressure.

Support still stands at $2.09, highlighted by the 200-day exponential moving average, which is critical for Ripple. If broken, the bearish trend may extend below $2.00, potentially indicating April's lows at $1.61.