Ethereum is opening Q trading above $2.1k, still well below the levels needed to suggest any meaningful trend reversal. The MACD indicator rises toward the zero line as histogram bars contract on the daily chart, suggesting fading downside momentum rather than aggressive selling. The RSI at 53, around neutral territory on the same chart, supports a range-to-upward bias. Bitcoin’s immediate resistance lies at the 50-day EMA around $71,000, followed by the recent high zone near $72,800 and the descending trendline break area at $73,900. A daily close above that cluster would reopen the path toward the March high of $76,000. On the downside, initial support is seen around $68,000, ahead of the late-March lows near $65,000.
How are ETH and SOL prices positioning?
The signals above suggested that, should history repeat itself, Ethereum and Solana might experience a short-term decline. However, if SOL maintains its support and ETH surpasses $2,100, it could invalidate the anticipated price decline. The altcoin may drop to the support at $76 after trading near the range’s lows. This is due to a decrease in network activity as well; in just two months, the number of active addresses dropped from 7 million to 4.69 million.
What is an ETF?
Moreover, the RSI is hovering around the mid-50s, which reflects some stabilization, but that alone is not enough to shift the broader trend. Therefore, a sustained daily close above $2.4k is still the minimum threshold buyers need to target to change the price action regime. These are self-executing contracts with the terms of the agreement directly written into lines of code. They run on the blockchain, so they are transparent, immutable, and don’t require a third party to enforce the terms. Users pay a network fee, known as gas, in Ether to execute these smart contracts and other transactions. Get crypto market analysis and curated news delivered right to your inbox every week.
Hyperliquid Price Forecast: HYPE nears key support as bullish flows align with surging network fees
On the downside, initial support comes at $1.33, followed by last week’s low near $1.30. As long as XRP trades below $1.44, rallies are vulnerable to selling interest, while a sustained move above that level would be required to shift the bias toward a more constructive recovery phase. Ethereum’s initial resistance sits at the 50-day EMA near $2,160, followed by the recent swing zone at $2,200 and then the mid-March high around $2,386. A clear daily close above $2,200 would open the way for a retest of $2,386, where previous supply aligns with the broader corrective trend context.
With the RSI now pushing into the low-70s, which is the highest reading since the March peak, the market is likely to climb higher in the short term. Meanwhile, institutional demand for XRP digital investment products has dropped significantly over the last few weeks, as evidenced by muted spot ETF activity on Tuesday. Moreover, outflows totaling $2.3 million were recorded on Monday, undermining investor interest. Sentiment, as reflected in the Fear & Greed Index, which shows a reading of 8 on Wednesday, has remained in extreme fear territory since March 19. There was a brief spike to 28 on March 17, but the index retreated, signaling that the broader crypto market sentiment remains weak. Bitcoin (BTC) mirrors a neutral-to-bullish outlook, rising above $68,000 at the time of writing, while Ethereum (ETH) follows suit, steadying above $2,100.
As for XRP, the price holds above $1.35, with a near-term bias mildly bearish as it sits below the downward-sloping trendline. The latest rejection occurred near $1.44 and remains capped by the 50-day, 100-day, and 200-day EMAs, which are clustered between $1.45 and $1.90. The MACD indicator remains below its signal line and has slipped below the zero line on the daily chart, while the negative histogram bars widen, suggesting strengthening bearish momentum. At the same time, RSI at 44 on the same chart points to sub-50 momentum and aligns with fading buying pressure rather than outright oversold conditions. Bitcoin’s immediate resistance is seen around $1.40, where recent highs converge ahead of the descending trendline break level at $1.44. A daily close above this zone is needed to ease downside pressure and expose the $1.51 area next.
- Ethereum price rebounded following reports that Iran’s president is willing to end the war with the U.S. and Israel if certain conditions are met.
- The United States (US) and Israel’s war with Iran, which is now in its second month, has continued to weigh on crypto assets as recovery attempts are quickly absorbed, leading to frequent pullbacks.
- Bitcoin’s immediate resistance lies at the 50-day EMA around $71,000, followed by the recent high zone near $72,800 and the descending trendline break area at $73,900.
SoSoValue data shows cumulative inflows totaling $11.56 billion, while net assets average $11.98 billion. In addition to Alameda Research’s selling, other institutions are also shorting the largest altcoin. For instance, a trader linked to Fasanara Capital sold $45 million worth of ETH. Moreover, selling pressure rises amid long liquidations, particularly on big-cap altcoins. Notably, the impact of a potential resolution was already felt on energy markets as WTI oil prices dropped nearly 5% shortly following the report. Simultaneously, the crypto market surged along with U.S. equities such as the S&P 500.
Preisverlauf Ethereum
The momentum suggests a potential retest of the $2.3k–$2.4k resistance zone is likely – a significant daily level that sits directly above and has already rejected ETH once recently. However, failure to keep the bullish momentum can cause the market to drop toward the $1.8k key support zone once more. Bitcoin is trading at $68,574 amid a neutral strovemont capital bias, with a slight bearish tilt, as spot holds below the descending resistance line, which now caps the upside near $73,900. The price also sits below the 50-day Exponential Moving Average (EMA), while remaining well above the 100-day and 200-day EMAs, outlining a medium-term uptrend under short-term pressure.
