Technical Update for Altcoins: Ethereum and XRP Continue Their Gains:

Ethereum is trading above $2100 as of this report on Wednesday. Its short-term trend shows a slight bullish bias, with the price maintaining stability above the upward support line starting near $1745, keeping the overall recovery structure intact despite recent consolidation. The 50-day exponential moving average (EMA) is around $2160, slightly above the current price, limiting immediate upside in the short term. Meanwhile, the 100- and 200-day EMAs are at $2400 and $2700 respectively, reflecting a long-term corrective background.

The MACD is rising toward the zero line with decreasing daily histogram bars, indicating a slowdown in bearish momentum rather than intense selling. The RSI at (RSI) level 53 is nearly neutral on the same chart, suggesting a bullish trend within a defined range.

Daily Chart of ETH/USDT

Initial resistance for Ethereum is near the 50-day EMA at around $2160, followed by the recent high at $2200, and then the mid-March peak around $2386. A clear daily close above $2200 would pave the way for retesting the $2386 level, aligning with the broader corrective trend. On the downside, immediate support is seen at $2050, followed by the ascending trendline zone around $1950, which is a key level to maintain the current bullish outlook. A sustained break below $1950 would signal further weakness toward $1900 and shift focus to a deeper correction phase.

Regarding XRP, its price remains stable above $1.35, with a slight bearish bias in the short term, as the price is below the descending trendline. The last rebound occurred near $1.44, and the price remains confined between the 50-, 100-, and 200-day EMAs, positioned between $1.45 and $1.90. The MACD remains below the signal line and has fallen below zero on the daily chart, with increasing negative histogram bars, indicating strengthening bearish momentum. Meanwhile, the RSI at 44 on the same chart suggests momentum below 50, consistent with a decline in buying pressure rather than oversold conditions.

Daily Chart of XRP/USDT

Immediate resistance for Bitcoin is at $1.40, where recent highs converge before the breakdown of the descending trendline at $1.44. A daily close above this level is needed to ease downward pressure and open the way toward the next target at $1.51. On the downside, initial support is at $1.33, followed by last week’s low near $1.30. A break below this level could lead to a move toward $1.25. As long as XRP remains below $1.44, gains are susceptible to selling pressure, but a sustained move above this level is required to shift the trend toward a more positive recovery phase.
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