- A Technical Look at Alternative Coins: Ethereum and XRP Continue Their Gains:

Ethereum is trading above $2,250 at the time of writing this report on Wednesday. Its short-term trend shows a cautious bullish bias after the price regained the 50-day exponential moving average near $2,150, while the 100- and 200-day moving averages remain far higher, indicating a strong bearish trend over the long term.
Ethereum’s price is stabilizing below the long-term descending resistance line, while the MACD indicator remains above the signal line on the daily chart, with the histogram extending slightly, suggesting improving upside momentum. The Relative Strength Index stays at 61 in the positive zone but below the overbought area, reinforcing a recovery trend rather than a sharp surge.

Daily chart of the ETH/USDT pair

Ethereum shows initial support at $2,150, where the 50-day exponential moving average aligns with the recent pullback lows, followed by a deeper support level around $2,000, which formed the bottom of the late-March sell-off and now supports the current rally. A break below this support level would push price toward the $1,850 zone, where the market previously experienced a period of consolidation.

On the upside, immediate resistance is at $2,300, along the descending trendline. A sustained close above this barrier would open the way toward the 100-day exponential moving average at $2,368, then the $2,450 zone as the next upside targets. As long as Ethereum remains above $2,150, pullbacks are likely to be viewed as corrective moves within this emerging bullish phase.

As for XRP, its short-term trend is slightly bearish, with its price holding below the descending resistance line and staying capped below the 50-day exponential moving average, which is currently just above $1.40. The 100- and 200-day exponential moving averages hover above the current price and are trending downward, suggesting that the broader move is a corrective phase within a long-term downtrend.

Momentum is stabilizing, as seen by the MACD being above its signal line on the daily chart, while the RSI is approaching 51, indicating only a neutral, limited-range direction after recovering from previous readings below 50.

Daily chart of the XRP/USDT pair

Initial resistance is around the 50-day exponential moving average at $1.42, where the recent bounces stalled, followed by the late-March high near $1.45, and then the sharp rise in mid-March toward $1.54. A daily close above $1.54 would begin to undermine the prevailing bearish structure and expose the $1.60–$1.65 zone before the broken trendline area near $1.77.

On the downside, immediate support is noted at $1.32, protecting the $1.30 volatility range seen last week, with additional protection at $1.28. Breaking this level would reopen the $1.25 zone, making XRP vulnerable to further declines.
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