- Technical Update for Altcoins: Ethereum and XRP Show Slight Signs of Recovery: Ethereum is trading above the key $2000 level, with a cautious bullish trend remaining in the short term. The Relative Strength Index (RSI) has moved toward neutrality on the daily chart, indicating a decrease in bearish pressure and improved demand after the previous correction. Meanwhile, the MACD indicator is above its signal line on the same chart, with the histogram expanding, suggesting strengthening bullish momentum despite the price remaining well below the 50-day, 100-day, and 200-day exponential moving averages. Daily chart of the ETH/USDT pair The daily low at $1945 indicates immediate support. Breaking this level could lead to a new bearish zone targeting the lower level of Saturday at $1835. On the upside, initial resistance is seen around $2150, which aligns with the highest level recorded on February 25 at $2148. A stronger supply zone is expected around the 50-day exponential moving average at $2294. On the other hand, XRP’s price is showing a similar upward trend, rising above $1.41 from the daily opening price of $1.36. Momentum indicators, such as the (RSI) and the Moving Average Convergence Divergence (MACD), support this short-term bullish trend. For example, the RSI stands at 46 on the daily chart and is trending upward, indicating a waning bearish momentum as buyers attempt to regain control. Additionally, the MACD remains above its signal line on the same chart, with the green histogram bars expanding, hinting at potential sustained momentum. Daily chart of the XRP/USDT pair However, immediate resistance is around the highest level recorded last Wednesday at $1.49, followed by the 50-day exponential moving average at $1.57, and then the super trend barrier near $1.61. A daily close above this price range is needed to ease the bearish trend and open the way toward the 100-day exponential moving average at $1.79, then the 200-day exponential moving average at $2.03. $ETH ‌ $XRP ‌

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