- Technical outlook on alternative coins: Ethereum and XRP face difficulties as additional cost pressures increase
Ethereum’s price hovers around $2,180, maintaining a neutral trend that leans slightly bullish, after the price regained the 50-day exponential moving average at $2,152. However, the price of the smart contract token remains confined below the 100-day exponential moving average at $2,364 and the 200-day exponential moving average at $2,689. Momentum is neutral, with the Relative Strength Index holding at 56 on the daily chart, while the MACD remains in positive territory. These forecasts suggest buyers have the upper hand in the short term, but they still face significant supply constraints.
Daily chart of the ETH/USDT pair
An initial resistance for Ethereum is observed around the downward trendline breakout zone near $2,291. A daily close above this area would open the way to the 100-day exponential moving average at $2,364, while the 200-day exponential moving average at $2,689 represents a further barrier if additional upside occurs. On the downside, immediate support lies at the 50-day exponential moving average at $2,152, and any clear drop below this level would weaken the emerging positive trend and expose Ethereum to further fluctuations within the broader bearish trend.
As for XRP, its price remains in a strong bearish trend, fluctuating below the key moving averages. The 50-day exponential moving average at $1.42 is the nearest dynamic threshold, while the 100-day exponential moving average at $1.58 and the 200-day exponential moving average at $1.83 reinforce a broader bearish structure beneath the long-term descending trendline, which has its breakout level at $1.76. At the same time, the MACD shows a slight positive direction and relatively stable behavior, while the Relative Strength Index stays at 44 in the neutral to weak zone. XRP’s momentum only points to temporary stabilization rather than a clear bullish turnaround.
Daily chart of the XRP/USDT pair
The 50-day exponential moving average, near $1.42, represents XRP’s current resistance level; a daily close above this level would ease the current downward pressure and pave the way toward the next upside resistance level at $1.58. Beyond this area, the long-term descending resistance line, with a breakout price near $1.76, and the 200-day exponential moving average at $1.83, form a key convergence zone that would limit any extended rebound.
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