- Technical Overview of Altcoins: Ethereum and XRP Support Key Strengths:

Ethereum is trading near a support level at $2,000, but remains significantly below the descending resistance trendline that has capped recovery attempts from the $4,700 region, and is still anchored below the 50-day, 100-day, and 200-day exponential moving averages.

Momentum has declined since the rejection witnessed last week at the $2,386 level, with the MACD indicator on the daily chart dropping below its signal line. The Money Flow Index (MFI) on the same chart has also retreated from the overbought region, indicating a pullback in buying pressure following the recent bounce.

Daily chart for ETH/USDT pair

Initial resistance appears near the $2,150 level, where recent price highs align with the lower bound of the short-term moving average cluster, followed by the $2,386 zone, which represented the last rejection within the broader downtrend structure. On the downside, immediate support is noted near $2,000, protecting recent swing lows around $1,930. A clear break below $1,930 would expose the next downside target toward $1,850.

Regarding XRP, the near-term trend leans slightly bearish, with its price continuing to hover below the descending trendline. The remittance token is currently trading below the 50-day, 100-day, and 200-day exponential moving averages, which are all trending downward, limiting any potential rallies. The MACD has crossed below its signal line on the daily chart, while the MFI is retreating from the overbought region above 80 toward the low 50s. These indicators collectively suggest a pullback in upside momentum, making the market susceptible to further corrective pressure.

Daily chart for XRP/USDT pair

Initial resistance appears around the $1.40 level, where recent swing highs cluster, followed by the $1.45 and $1.54 zones, which signal supply abundance and lie near the expected descending trendline. A daily close above $1.54 would be needed to challenge the bearish structure and reveal the 100-day exponential moving average at $1.67. An extended correction below the daily low at $1.36 could expose XRP to the lower but critical demand zone at $1.30.
$ETH
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