Technical Outlook on Altcoins: Ethereum and XRP Support a Rapid Rebound

Ethereum is currently trading at $1,662, continuing a bearish phase as the price remains below the 50, 100, and 200-day exponential moving averages. The 50-day exponential moving average at $2,012 represents the first dynamic resistance level, followed by the 100-day EMA at $2,158, then the 200-day EMA at $2,422, indicating that any rebound will face multiple resistance hurdles.

Momentum conditions remain strong, with the Moving Average Convergence Divergence (MACD) indicator still in the negative zone on the daily chart, and the Relative Strength Index (RSI) hovering around the 30 mark on the daily chart, suggesting oversold conditions but still under pressure rather than a confirmed bullish reversal.

Daily ETH/USDT Chart
On the downside, the nearest psychological support level is at $1,600, followed by $1,500. Holding above these levels may encourage buyers to increase their positions, expecting a sustained breakout toward the SuperTrend resistance level at $1,850. On the upside, a daily close above the 50-day EMA at $2,012 would be the first sign of sellers losing control, opening the door toward the 100-day EMA at $2,158, and if surpassed, toward the more significant 200-day EMA at $2,422.

Meanwhile, XRP is trading at $1.12, reinforcing the near-term bearish bias as the price remains decisively below the 50, 100, and 200-day EMAs clustered between $1.30 and $1.61, while the SuperTrend line at $1.26 also limits upward movement.

The RSI has recovered from the oversold region but remains near 32 on the daily chart, indicating that selling pressure is only easing rather than reversing, and the negative MACD chart further supports the dominant bearish momentum.

Daily XRP/USDT Chart
On the upside, initial resistance appears at the SuperTrend barrier around $1.26, before the 50-day EMA at $1.30, where a daily close above this level is needed to ease immediate downside pressure. On the bullish side, the 100-day EMA at $1.40 and the 200-day EMA near $1.61 define a broader bearish structure. Unless XRP recovers at least above these medium- and long-term averages, rebounds are likely to be considered corrective within the prevailing $ETH downtrend.