- Technical Overview of Altcoins: Ethereum Holds Support Level While XRP Price Fluctuates:


Ethereum is currently trading at $2,055, with an immediate support level at $2,000. The smart contract token remains stable above an upward support line starting around $1,745, maintaining a slight bullish bias in the short term, despite the price trading below the 50, 100, and 200-day exponential moving averages, which limit the broader upward movement.

The MACD line has crossed below the signal line on the daily chart. Meanwhile, the red histogram bars are shrinking, and the RSI( on the same chart is approaching 48 and trending upward toward the midline 50, indicating decreasing seller confidence while the price remains above the trendline base.

Daily chart of ETH/USDT pair

Immediate support is near $2,000, aligning with recent lows and just above the upward trendline. A break below this level could reveal another support around $1,940 and then $1,900. On the bullish side, initial resistance appears at $2,100, followed by the 50-day exponential moving average around $2,150, and then the recent high near $2,386.

For XRP, the price is slightly down to $1.32 amid a short-term bearish trend. Daily closing prices remain well below the 50, 100, and 200-day EMAs, which range between $1.45 and $1.89, keeping the overall trend under pressure. The MACD indicator is further below the signal line with expanding red histogram bars on the daily chart, indicating strengthening bearish momentum. Additionally, the RSI) is at 38 on the same chart, remaining below the midline 50, reinforcing the bearish trend rather than an oversold condition.

Daily chart of XRP/USDT pair

XRP shows initial resistance at $1.36, where recent minor rebounds paused, with expectations of reaching a stronger resistance level at $1.40, then $1.45, which aligns with the 50-day EMA. On the downside, immediate support is at $1.30, where the last decline occurred, and buyers attempted to stabilize the price during the day. A clear close below $1.30 would open the door for the price to move toward $1.25 and then $1.22, indicating a broader corrective path amid the ongoing downtrend.
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$ETH
ETH3,06%
XRP0,52%
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Before00zerovip
· 8h ago
Ethereum's price remains above $2000 as institutional interest slightly rebounds, with exchange-traded funds attracting nearly $5 million in inflows on Monday.
XRP sellers tighten their grip as the price drops toward the $1.30 support level on Tuesday.
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