- Technical Overview of Altcoins: Ethereum and XRP are trading under increasing pressure:

Ethereum is trading at 1759 dollars, confirming a clear downtrend as the price remains below the SuperTrend resistance level at 2021 dollars, and below a set of moving averages. The 50-, 100-, and 200-day exponential moving averages, roughly between 2132 and 2459 dollars, are clustered above the resistance level, suggesting limited upside as long as the pair stays within this bearish range.

Momentum conditions are weak, with the Relative Strength Index reaching an oversold peak near 18 and the MACD chart moving below the zero line, indicating that bearish pressure remains dominant even if short-term rebounds appear.

Daily chart of the ETH/USDT pair

On the bullish side, initial resistance appears at the SuperTrend line around 2021 dollars, followed by a breakout zone of the previous uptrend near 2052 dollars. Above that, the 50-day exponential moving average at 2132 dollars forms the next hurdle, before the 100-day exponential moving average at 2235 dollars, and the 200-day exponential moving average near 2459 dollars, which together define a wider supply zone that must be reclaimed to ease the prevailing downtrend. If the downtrend continues, Ethereum could test a price range between 1700 and 1600 dollars, an area that may attract new buyers.

On the other hand, XRP is trading at 1.15 dollars, indicating that a clearly bearish phase is ongoing, as the price remains below the 50-, 100-, and 200-day exponential moving averages, clustered at approximately 1.36 to 1.64 dollars. In addition, the SuperTrend at 1.34 dollars is above the current price, reinforcing the premise of limited rebounds, while the Relative Strength Index (RSI) near 22 points to oversold conditions that may slow, but not necessarily reverse, the prevailing bearish pressure. The bearish MACD chart remains intact, suggesting that the bearish trend is likely to persist.

Daily chart of the XRP/USDT pair

On the bullish side, initial resistance appears at the super trend zone around 1.34 dollars, with the 50-day exponential moving average near 1.36 dollars, reinforcing this supply zone, before the 100-day exponential moving average at 1.44 dollars and the farther 200-day exponential moving average near 1.64 dollars, as broader bearish indicators. If the decline continues, XRP may retest the demand level at 1.00 dollars before attempting to recover again.
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