- Technical overview of altcoins: Ethereum and XRP maintain recovery momentum:

Ethereum is trading at $2,387, maintaining a short-term bullish trend, as the price stays above the 50-day and 100-day exponential moving averages at around $2,223 and $2,355 respectively, and well above the broken downward resistance line around $2,153. Momentum conditions support this positive outlook, with the Relative Strength Index (RSI) near 60 on the daily chart, and the MACD indicator chart showing a slight positive trend, indicating buyers still dominate the market.

Daily chart of ETH/USDT pair

On the bullish side, the peak recorded last week at $2,465 represents the next major hurdle, followed by the 200-day exponential moving average at $2,646, where medium-term sellers may attempt to regain control. On the downside, immediate support is first seen at the 100-day exponential moving average near $2,355, followed by the 50-day exponential moving average around $2,223. Any deeper pullback toward the previous downtrend breakout zone at $2,153 is likely to attract new buying interest as long as this area remains intact.

On the other hand, XRP is trading at $1.45, surpassing the 50-day exponential moving average at $1.41. However, the digital currency used for financial transfers remains confined between the higher 100-day exponential moving average at $1.54 and the 200-day exponential moving average at $1.78, keeping the overall trend tilted downward despite the recent rise.

Notably, the MACD chart remains in positive territory on the daily chart, while the Relative Strength Index approaches 59, indicating improving bullish pressure but not yet in overbought territory.

Daily chart of XRP/USDT pair

On the bullish side, initial resistance appears at the 100-day exponential moving average, around $1.54, with a stronger barrier higher up at the 200-day exponential moving average, around $1.78, where the long-term downtrend remains in place. On the downside, immediate support is at the 50-day exponential moving average, around $1.41. A sharp decline below this level would reveal a deeper correction and suggest that the recent rebound is losing momentum.
$ETH ‌
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