- Technical Overview of Altcoins: Ethereum Holds a Low Support Level While XRP Price Slightly Rises:

Ethereum is trading at $1,874, maintaining a short-term bearish trend, as the price remains below key exponential moving averages and the latest Super Trend indicator reading is at $2,079. The pair has also fallen below the upward trend line, with its breakout point near $2,049 in the upside, while the Relative Strength Index hovers in oversold territory around 24 on the daily chart, and the MACD remains strongly negative, collectively indicating ongoing downside pressure despite the risk of short-term corrective rebounds.

Daily chart of ETH/USDT pair

On the upside, the previous support zone for the upward trend around $2,049 acts as the initial resistance level, followed immediately by the last upward trend line near $2,079. Above that, the 50-day exponential moving average at approximately $2,149, the 100-day EMA near $2,246, and the 200-day EMA around $2,486 form a multi-layered supply zone that would limit any recovery attempts unless the price is decisively reclaimed. The area around $1,800 serves as the primary support level, where buyers are likely to re-enter. If selling intensifies, Ethereum’s price could drop to test the next support range between $1,600 and $1,700.

On the other hand, XRP is trading at $1.24, maintaining clear downward pressure, as the price remains below the 50-day, 100-day, and 200-day exponential moving averages at $1.37, $1.44, and $1.65 respectively, while the SuperTrend indicator is at $1.38 above this level, reinforcing the bearish bias.

Momentum readings confirm this weak tone, with the Relative Strength Index near 33 on the daily chart, keeping XRP close to oversold territory, and the MACD remains negative with the line below its signal and the histogram contracting, indicating ongoing selling pressure but not accelerating.

Daily chart of XRP/USDT pair
On the bullish side, initial resistance is at the 50-day EMA around $1.37, followed immediately by the downward trend line near $1.38, forming a short-term supply zone that buyers need to reclaim to ease the immediate bearish momentum. Above that, the 100-day EMA at around $1.44 aligns with the long-term downward resistance trend line heading toward the $1.52 area, while the 200-day EMA near $1.65 represents a further ceiling. As long as XRP remains below this layered structure of EMAs and trend lines, rallies are likely to be considered corrective rather than the start of a sustainable recovery.
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