- Altcoin Update: Sharp Rise for Ethereum and XRP as Optimism for Recovery Grows:

Ethereum is trading at $3,051 at the time of writing on Wednesday. It remains below the downward-sloping 50-day EMA at $3,362, the 200-day EMA at $3,481, and the 100-day EMA at $3,564, which may keep rebounds limited and the range wide. The sequence of lower averages confirms a prevailing bearish trend.
Meanwhile, the MACD indicator on the daily chart, with the blue line above the red signal line and an expanding positive histogram, indicates improving bullish momentum. The Relative Strength Index (RSI) at 46 (neutral) hints at a slight uptick, suggesting waning bearish pressure.

ETH/USD Daily Chart

The uptrend line from $1,383 supports the outlook, providing support near $2,678. A daily close above the first barrier (the 50-day EMA at $3,362) could open the door to the next moving average (the 200-day EMA at $3,481), while rejection would keep risks tilted toward the trendline support.

On the other hand, Ripple’s price (XRP) is trading at $2.18 at the time of writing on Wednesday, holding below its key moving averages, including the 50-day EMA at $2.32, the 100-day EMA at $2.47, and the 200-day EMA at $2.50. The MACD has turned positive and is expanding on the daily chart, with the blue line above the red signal, indicating improving bullish momentum. At the same time, the Relative Strength Index (RSI) at 48 (neutral) reflects fading bearish pressure.

XRP/USD Daily Chart

However, the downtrend line from $3.66 (all-time high) continues to cap gains, with resistance near $2.63. A close above the 50-day EMA would open the way toward the supply zone at $2.47–2.50, where the 100-day and 200-day EMAs form a heavier ceiling.
If momentum stalls, the bearish tilt of the moving averages will keep rallies limited. The MACD will need to sustain its bullish shift to maintain a breakout, while the RSI (RSI) near 50 reflects balanced conditions and keeps the price sensitive to directional catalysts.