- A technical look at alternative coins: Both Ethereum and XRP are facing increasing bearish pressure.
Ethereum is trading at $2,287, fluctuating between its short- and medium-term moving averages, maintaining a neutral trend that tilts slightly bearish. Its price is above the 50-day exponential moving average at $2,243, providing initial support, but it remains capped below the 100-day exponential moving average at $2,351, and far below the 200-day exponential moving average near $2,565, indicating that a broader rebound is still constrained by increased supply.
At the same time, the MACD chart is in negative territory and falling on the daily chart, suggesting that bullish momentum is fading, while the RSI (RSI) around 51 points to balanced conditions after the recent pullback.
Daily chart of the ETH/USDT pair
On the upside, immediate resistance appears near the previous trendline break area at around $2,300, where failure to hold onto gains would reinforce the idea that the market has reached its maximum. The 100-day exponential moving average at $2,351 is a more significant barrier. A daily close above this zone is needed to reveal the horizontal supply level at $2,400 and the 200-day exponential moving average near $2,565.
On the other hand, the 50-day exponential moving average at $2,243 is the first support line, and falling below this level would open the door to a deeper correction, shifting attention to lower chart support levels such as the demand zone around $2,200.
As for XRP, its price is trading at $1.39, remaining within a limited range just below the simple moving average (EMA) of the Bollinger Bands at about $1.40, and the 50-day simple moving average near $1.41—both together defining the available supply level. The simple moving averages of 100 days and 200 days, at about $1.53 and $1.75 respectively, are far above the spot market price, reinforcing the overall bearish trend.
Momentum signals are mixed, with the RSI hovering below the neutral 50 line on the daily chart, and the MACD slightly negative, indicating that bullish attempts may continue to struggle beneath these moving-average barriers.
Daily chart of the XRP/USDT pair
On the upside, initial resistance appears at the middle Bollinger Band around $1.40, followed immediately by the 50-day exponential moving average at $1.41. A sustained breakout above this tightly converged range is required to ease the current bearish pressure and pave the way toward the upper Bollinger Band near $1.48.
Beyond this supply range, the 100-day exponential moving average at about $1.53 and the 200-day exponential moving average at about $1.75 form successive, more distant resistance layers. In case of a decline, the lower Bollinger Band at approximately $1.33 provides the nearest support level, and any clear breakdown below it will expose XRP to a sharp drop.
$ETH
$XRP
