- Altcoin Update: Slight Rise in Ethereum and XRP as Technical Indicators Improve:

Ethereum price hovers around $1914, remaining below the 50, 100, and 200-day exponential moving averages, reinforcing the prevailing downtrend. The long-term descending resistance line, originating from its all-time high of $4956, continues to suppress recovery attempts. The MACD indicator rises above the signal line, indicating a slight improvement in momentum, though still fragile, within a broader bearish trend.

Meanwhile, the Relative Strength Index (RSI) has risen to 35 from oversold territory but remains below the midline of 50, suggesting sellers still dominate the trend despite the short-term rebound.

A daily close above $1900 is needed to challenge the bearish structure and open the way toward the 50-day exponential moving average at $2385.
In case of a decline, the initial support level is at $1800, and breaking below it could lead to further declines toward the lowest level recorded on February 6 at $1747.

Daily chart of ETH/USDT

Meanwhile, XRP is trading at $1.38, settling below the descending resistance trendline rejected last time near $2.41 in January, and continues to respect a series of lower highs.

Daily closes remain below the 50, 100, and 200-day EMAs, clustering around $1.63 and $2.08, keeping XRP entrenched in a medium-term downtrend despite recent stability.

XRP/USDT Price Chart

The MACD line has turned slightly positive above the signal line, indicating a modest improvement in bullish momentum, though still fragile. At the same time, the RSI remains around 39, below the neutral level, reinforcing ongoing selling pressure and limiting the scope for any immediate rebound.

Initial resistance is observed near $1.51, where recent swing highs roughly coincide with the highest level recorded on February 6 at $1.54. A daily close above this level would open the way toward the 50-day EMA at $1.63.