- Technical Overview of Altcoins: Limited Ethereum Rise with XRP Gaining Momentum:

Ethereum is trading at $2,344, maintaining stability within a narrow range, sitting above the 50-day exponential moving average at $2,189, but still below the 100-day EMA at $2,356, and the 200-day EMA at $2,668. This situation indicates that despite the overall improvement, the prevailing downtrend remains dominant.

Momentum readings are positive, with the Relative Strength Index hovering near 61 on the daily chart, and the MACD indicator remains positive.

Daily chart of the ETH/USDT pair

On the bullish side, immediate resistance appears at the 100-day EMA around $2,356, followed directly by the 38.2% Fibonacci retracement level of the recent move at $2,373, which is applied between the high of January 14 at $3,403 and the low of February 6 at $1,748. A daily close above this zone would open the way toward the 50% Fibonacci retracement at $2,570, with additional hurdles at the 200-day EMA at $2,668 and the 61.8% Fibonacci retracement around $2,766.

On the downside, initial support aligns with the 50-day EMA at $2,190, followed by the 23.6% Fibonacci retracement at $2,130, where buyers are expected to re-enter. A decisive break below this range would weaken the current rebound structure and reveal further losses within the broader corrective phase.

As for XRP, its price shows a slight positive trend, remaining just above the 50-day EMA at around $1.41, and the 50% Fibonacci retracement level at $1.39, identified between the February 6 low at $1.12 and the February 15 high at $1.67. However, the overall trend remains limited, with the digital currency used for transfers trading below the 100-day EMA near $1.55, with the RSI oscillating in the upper fifty range, and the MACD indicator turning positive, indicating a recovery in bullish momentum but not yet dominant.

Daily chart of the XRP/USDT pair

On the bullish side, initial resistance appears at the 61.8% Fibonacci retracement level at $1.46, followed by stronger resistance around $1.55 where the 78.6% Fibonacci level coincides with the 100-day EMA, and further resistance at the 200-day EMA at $1.82. On the downside, immediate support is reinforced by the 50-day EMA at $1.41 and the 50% Fibonacci retracement at $1.39, with stronger support levels at the 38.2% Fibonacci level around $1.33 and the trend line near $1.31.