#ETH - Altcoin Technical Analysis: Ethereum and XRP Gain Momentum:

After a brief bounce from the demand zone between $1,500 and $1,600, Ethereum is currently trading at $1,623. Despite this increase, Ethereum remains biased to the downside in the short term, as its price is still below the 50-day, 100-day, and 200-day Exponential Moving Averages (at $1,808, $1,987, and $2,256, respectively).

Meanwhile, the MACD on the daily chart has turned positive, indicating an attempt to stabilize losses rather than a decisive bullish reversal. The RSI on the daily chart, at around 41, reflects weak demand, although it has recovered from near oversold levels.

ETH/USDT Daily Chart
Initial resistance lies near the 50-day EMA at $1,808, followed by the descending trendline breakout level around $1,936, where sellers could regain control. Above that, the 100-day EMA at approximately $1,987 and the 200-day EMA at around $2,256 form a broader supply zone that must be recaptured to eliminate the current bearish outlook and open the path for a more sustainable rebound.

As for XRP, its price has stabilized above $1.06, edging up slightly from the direct psychological support level of $1.03. Despite this increase, the transfer-focused digital asset remains biased to the downside in the short term, as it is still well below the major moving averages.

Momentum is mixed, with the MACD on the daily chart slightly above zero and marginally positive, indicating mild stabilization, while the RSI near 38 still reflects weak buying interest rather than a decisive rebound.

XRP/USDT Daily Chart
On the upside, immediate resistance lies at the 50-day EMA ($1.19), followed by the 100-day EMA at $1.30, where any upside could encounter fresh selling pressure. A sustained breakout above these hurdles is needed to challenge the upper structural boundary — the 200-day EMA around $1.52 — and alleviate the current dominant downtrend.