- Technical overview of alternative coins: Ethereum and XRP pause temporarily in their rebound:

Ethereum is trading at $2310, as bullish traders push the price above the descending resistance line, which has now turned into support, near $2304. The smart contract token keeps stable above the 50-day exponential moving average around $2241, suggesting a slight bullish tilt in the near term despite the broader corrective backdrop. Momentum is mixed, with the Relative Strength Index (RSI) hovering just above the midpoint at 50 on the daily chart, while the MACD histogram remains in the negative zone, indicating that rally attempts are constructive but not yet forceful.

Daily chart of the ETH/USDT pair

On the upside, the initial resistance level is at the 100-day exponential moving average at about $2352, and if it is broken through consistently, the way will open toward the 200-day exponential moving average near $2627. On the downside, immediate support is observed around the broken trendline area just below the market at $2304, followed by the 50-day exponential moving average at $2241. If a further pullback occurs, the ultra-trend support zone near $2095 will be revealed.

As for XRP, its price fluctuates above the 50-day exponential moving average at $1.42, while staying confined below the downtrend line breakout level at $1.43, and more importantly, below the 100- and 200-day exponential moving averages at $1.53 and $1.78, respectively. This keeps the overall trend relatively limited despite slight positive signals, as the Relative Strength Index (RSI) rests near the neutral level at 52 on the daily chart. In addition, the MACD remains slightly positive on the same chart, but it has lost momentum in recent sessions.

Daily chart of the XRP/USDT pair

On the bearish side, immediate support is at the 50-day exponential moving average at $1.42. A daily close below this level will reveal the ultra-trend line as a key major bottom near $1.31. On the bullish side, initial resistance is seen around the previous downtrend line breakout area at $1.43, and the path toward the 100-day exponential moving average at $1.53 will not open unless there is sustained movement above this barrier.
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