- Technical Outlook on Altcoins: Ethereum and XRP Maintain Gains:


Ethereum is generally trading sideways around $2000, with a cautious bullish bias in the short term. The MACD indicator line remains above the signal line on the daily chart, despite a decline, indicating a slowdown in bullish momentum but still positive. Meanwhile, the RSI(RSI) is rising near 46 toward the neutral line on the same chart, suggesting that sellers are gradually losing control even in the absence of clear buying dominance. Additionally, the price remains well below the 50, 100, and 200-day exponential moving averages(EMA), keeping the overall trend bearish.

Initial resistance appears at the SuperTrend indicator, which is at $2165. A daily close above this level would open the way toward the 50-day exponential moving average around $2241. On the downside, immediate support is located in the $1930-$1950 range, which saw the last pullback, protecting the low-demand zone at $1800.

Daily chart of ETH/USDT

As for XRP, buyers seem to have a slight upper hand, with its price hovering around $1.35 at the time of writing on Monday. Although it rose from the intraday low of $1.33, the short-term trend still leans slightly bearish, constrained by the 50-day EMA at $1.53, the SuperTrend at $1.57, and the 100-day EMA at $1.75.

While the MACD remains above the signal line on the daily chart, the green bars continue to shrink, indicating limited bullish confidence and making upward moves vulnerable.

Daily chart of XRP/USDT

Immediate relief requires a daily close above $1.40, while surpassing the 50-day EMA challenges the broader downtrend. If it drops, initial support is seen near the daily low around $1.33, with a potential break to reach the lowest level recorded on February 28 at $1.27.
$ETH
$XRP
ETH3,05%
XRP2,35%
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