- Technical Update for Altcoins: Ethereum and XRP Under Pressure as Declines Continue:

Ethereum is trading above the key $2000 level after a correction from its weekly high of $2168. The short-term trend shows a slight bearish bias, with the price staying below the 50, 100, and 200-day exponential moving averages, all of which are clustered above $2150, forming a strong medium-term downtrend.

The long-term downward resistance line still constrains the broader structure despite the recent rebound, while the MACD remains below the daily signal line, indicating weakening bearish momentum rather than impulsive selling. Meanwhile, the RSI around the mid-40s on the same chart suggests a lack of strong buying interest and aligns with a mild corrective tone within a broader bearish context.

Daily Chart of ETH/USDT

Ethereum’s price faces initial resistance near $2140, where its recent highs meet the 50-day exponential moving average. A breakout above this level would target the next hurdle at $2200, followed by $2350. On the downside, immediate support is seen around $2000 to protect the congestion zone in the mid-$1900s. A clear move below $1900 would open the door to the next support area at $1850.

For XRP, the short-term trend leans slightly bearish as the price remains below the descending resistance line, which was last rejected near $1.61 and continues to act as resistance. Closing prices are still well below the 50, 100, and 200-day EMAs, which are roughly between $1.44 and $1.87, reinforcing the bearish dominance despite the recent stabilization. The MACD, below the signal line, has fallen again below zero on the daily chart, with red bars indicating sellers still control the market. Additionally, the RSI at 38 on the same chart indicates weak demand, consistent with a market bias toward continued decline rather than a sustainable rebound.

Daily Chart of XRP/USDT

XRP’s initial resistance level aligns with its recent highs around $1.34, followed by $1.36 and $1.41, where previous daily peaks are near the short-term descending average range. A daily close above $1.41 is needed to ease bearish pressure and open the way toward the stronger resistance at $1.45. On the downside, immediate support is at the current low near $1.30, and if this level is broken, the next target would be $1.28.