- Technical outlook on altcoins: Ethereum and XRP show signs of steady growth:
Ethereum is trading at $2,361, maintaining a neutral trend that is slightly bullish. The spot market price is above the 50- and 100-day exponential moving averages at $2,256 and $2,344, respectively. However, it is still confined below the 200-day exponential moving average at $2,571. The Relative Strength Index (RSI) at around 58 on the daily chart points to positive bullish momentum, but it is not overbought. At the same time, the MACD histogram remains below the zero line with a negative reading, suggesting that bullish attempts are still in the process of forming within a broader corrective context.
Daily chart of the ETH/USDT pair
On the bullish side, initial resistance sits at $2,400, followed by the 200-day exponential moving average at $2,571. A sustained breakout above these levels is needed to open a more clearly defined bullish phase. On the bearish side, immediate support appears at the 100-day exponential moving average near $2,344, and a deeper pullback reveals the 50-day exponential moving average around $2,256 as the next key demand zone expected to hold to maintain the emerging uptrend.
Meanwhile, XRP is trading at $1.41, as bullish traders seek to stabilize the price after recent gains. However, the price is still structurally capped below the 100- and 200-day exponential moving averages at $1.51 and $1.74, respectively. On the bearish side, XRP continues to hold above the 50-day exponential moving average at $1.41, indicating an attempt to build a price base. Meanwhile, the mid-range of the 20-day Bollinger Bands is at $1.41, sitting just above the price as an immediate resistance.
Mixed momentum signals: the RSI hovers around 53 on the daily chart, while the MACD indicator’s chart has dipped slightly further into negative territory. This suggests that bullish momentum is fading under the broader bearish trend defined by the descending resistance line.
Daily chart of the XRP/USDT pair
On the bullish side, initial resistance lies at the mid-range of the Bollinger Bands around $1.41, followed by the upper band near $1.47. A sustained breakout above this area would reveal the descending trendline and the 100-day exponential moving average at $1.51, with the 200-day exponential moving average at $1.74 serving as a key bullish threshold. On the bearish side, the 50-day exponential moving average at $1.41 provides immediate support. A daily close below this level would open the way to the lower Bollinger Band around $1.36, where buyers are expected to show greater interest in defending the broader consolidation range.
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