- Technical Overview of Altcoins: Ethereum and XRP Mitigate Losses Amid Increasing Challenges

Ethereum is trading at $1,747, maintaining a short-term bearish trend, as the price remains below the 50, 100, and 200-day exponential moving averages, which are positioned between approximately $1,946 and $2,375. The alignment of these EMAs above the spot price confirms limited structure, despite a positive MACD indicator on the daily chart, and an Money Flow Index (MFI) hovering just below the neutral 50 line, collectively indicating momentum stabilization but still fragile.

Daily chart of ETH/USDT pair
Looking at the bullish trend, initial resistance appears near the 50-day exponential moving average at around $1,945, followed by the 100-day EMA at approximately $2,103, and the 200-day EMA near $2,375, levels that need to be surpassed to ease the overall downward pressure. On the downside, the Parabolic SAR indicator at about $1,603 is considered the next important support level, and any breach of this level could open the door for the continuation of the current bearish phase.

XRP price remains slightly above the $1.17 mark after falling below the key support level of $1.20 amid declining demand from retail investors. Open interest in futures contracts decreased to $2.66 billion on Thursday, from $2.79 billion the previous day, reflecting a decline in risk appetite in derivatives markets. The ongoing decrease in open interest indicates a bearish bias among traders, who remain hesitant to open new long positions.
The transfer token maintains a short-term bearish trend, as the price stays below the 50, 100, and 200-day EMAs, which are expanding above the market, indicating limited structure in the medium term. However, the MACD indicator remains above zero, suggesting that the downward momentum is weakening even as the overall trend remains under pressure.

Daily chart of XRP/USDT pair
On the bullish side, initial resistance appears near the 50-day EMA at about $1.28, followed by resistance at the 100-day EMA around $1.37, and at the 200-day EMA near $1.58, levels that must be surpassed to reduce the prevailing bearish momentum. Conversely, a significant support level aligns with the latest reading of the Parabolic SAR at approximately $1.08. A clear break below this area is likely to lead to lower levels, as the money flow, currently in the mid-range on the MFI indicator, has room for further decline.
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