- Technical overview of altcoins: Ethereum stability, XRP struggles:
Ethereum maintains stability above the $2,100 level amid a neutral near-term bias. The SuperTrend indicator, which signals a buy opportunity, aligns with the dynamic support level at $1,981, suggesting a likely bullish reversal. However, daily candles remain below the 50, 100, and 200-day exponential moving averages, positioned between approximately $2,197 and $2,786, indicating that the prevailing trend remains corrective despite a decline in downside momentum.
Meanwhile, the MACD indicator remains slightly above the signal line on the daily chart, suggesting only modest bullish momentum rather than a decisive trend resumption.
Initial resistance appears at the 50-day exponential moving average near $2,200, followed by last week's high at $2,386, then the 100-day exponential moving average at $2,465. On the downside, immediate support lies at the weekly opening price of $2,054, while the SuperTrend baseline sits around $1,981. A break below this level reveals stronger support toward $1,900.
Daily chart for ETH/USDT pair
XRP trades above $1.42, down from its intraday high of $1.44. This remittance token aligns with a broader downtrend, with its price below the falling trendline resistance level. Similarly, the 50, 100, and 200-day exponential moving averages, clustered between $1.49 and $1.92, appear to limit XRP recovery potential.
The MACD indicator remains slightly above the signal line on the daily chart and approaches the zero mark, while histogram bars are contracting, indicating a decline in bullish momentum, which may keep risks skewed toward renewed downside rather than sustained recovery.
Daily chart for XRP/USDT pair
Meanwhile, initial resistance appears around the 50-day exponential moving average at $1.49, followed by resistance around the 100-day exponential moving average at $1.67, then the 200-day exponential moving average near $1.92, where the longer-term moving average reinforces the ceiling on gains. On the downside, immediate support lies at the pivotal $1.40 level, with a break opening exposure to the weekly opening level at $1.38 and Monday's low at $1.36.
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