Operation Reminder 🚨

#BTC Reserve Market Impact# #XRP ETF Goes Live# #Fed Cuts Rates By 25 Bps# - Altcoin Updates: Ethereum and XRP are heading towards new all-time highs Ethereum is nearing a breakout of the descending resistance line, which has been in place since the smart contract coin reached its all-time high of $4956 on August 24. The upward trend is supported by the main moving averages pointing upwards, including the 50-day exponential moving average at $4229, the 100-day exponential moving average at $3786, and the 200-day exponential moving average at $3327. These moving averages serve as temporary support levels if profit-taking and unexpected marketing dynamics lead to significant sell-offs. The Relative Strength Index (RSI) at 57 indicates a possibility of an extension of the upward wave towards the overbought area, which could enhance the bullish momentum. A breakout above the resistance trendline and the supply areas between $4800 and the all-time high of $4956 would herald the beginning of a new era for Ethereum, possibly surpassing the psychological level of $5000. Attached is the daily chart for the ETH/USD pair. However, it is worth noting that the exchange-traded funds (ETFs) related to Ethereum experienced slight outflows of $1.89 million on Wednesday, extending the decline from Tuesday. If institutional investors choose to stay on the sidelines and possibly reduce their exposure, a significant rise above $5000 may be a distant dream, as the price of Ethereum is likely to prefer a correction lower than the 50-day exponential moving average support at $4229 to gather more liquidity before making another attempt to recover. Attached are the statistics of the Ethereum exchange-traded fund. As for the Ripple currency (XRP), the bulls show strength above the $3.00 level, with the (EMA) for 50 periods providing additional support at $2.95. The rise in the (RSI) on the daily chart from 51 to 58 on Monday supports the likelihood of a short-term increase in Ripple. Attached is the daily chart for the XRP/USDT pair. A bullish breakout above the next major hurdle at $3.18, which was last tested on Saturday, would strengthen the chances of achieving a bullish outcome towards the round supply area at $3.50 and the all-time high level at $3.66.

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