- Technical Overview of Altcoins: Ethereum and XRP Struggle to Break Through Major Resistance Levels: Ethereum is trading above the support level of $2100, with its short-term trend remaining neutral with a slight upward bias, as the price stays stable above the key $2000 level. The overall technical structure indicates a bearish trend, with the descending resistance line limiting Ethereum's upward movement. The 50-day exponential moving average (EMA), around $2144, shows slight stability above the spot price, aligning with this tone, while the 100- and 200-day EMAs, at $2369 and $2698 respectively, confirm that Ethereum is still trading within a medium-term downtrend. Momentum indicators are balanced, with the Relative Strength Index (RSI) hovering near 52 on the daily chart, and the MACD line slightly above its signal line, indicating only slight buying pressure after the recent rebound. Daily ETH/USDT Chart The immediate support level for Ethereum is at $2100, followed by its recent low in the $1990-2000 range. Any breach of this level could lead to further decline toward $1850. On the upside, initial resistance is observed near the $2144 area at the 50-day EMA, with a stronger barrier at the previous high near the 100-day EMA, around $2369. Meanwhile, XRP is trading above $1.30, with a slight downward bias in the short term, as the price remains below the 50, 100, and 200-day EMAs, which continue to decline and hinder recovery attempts. Momentum indicators confirm this bearish trend, with the MACD below its signal line on the daily chart and the negative histogram shrinking, indicating weak but ongoing bearish pressure. The RSI remains around 39, below the midpoint of 50, reflecting seller dominance rather than overselling. Daily XRP/USDT Chart The current resistance level for XRP is around $1.33, where recent rebound attempts have stalled, followed by $1.35 and the 50-day EMA at $1.42. A break above this level could open the way toward $1.45, then the range between $1.52 and $1.54. On the downside, initial support is noted at the recent low around $1.30, and if breached, the levels of $1.28 and $1.25 could serve as deeper correction points within the broader downtrend. ( )( ‌ )( ‌

- Market sentiment has declined as the US-Iran war continues: The war in the Middle East is still casting a shadow over global markets, as oil prices remain high above 103 dollars for West Texas Intermediate crude. US President Donald Trump warned of the possibility of escalating the war if Iran fails to reach an agreement or does not open the Strait of Hormuz by 8 p.m. Eastern US time on Tuesday. The strait is a vital shipping route, controlling 20% of the world’s oil and gas supplies. Trump said the US Army could strike Iranian energy infrastructure and bridges if the Strait of Hormuz is not opened before the deadline. Meanwhile, bearish sentiment remains dominant in the cryptocurrency market since the start of the war in late February. The Fear & Greed Index stayed at 11 on Monday and Tuesday, indicating a state of extreme fear. According to data from “Alternative,” the index fell from 14 on average last week, but rose slightly above 10 recorded in March. Crypto Fear & Greed Index | Source: Alternative The level of extreme fear suggests that investors are still tense and unwilling to increase risk exposure, ultimately reducing the purchasing power needed to sustain rising prices. Today’s chart: Bitcoin’s price increase remains capped below $70,000. Bitcoin (BTC) is currently trading below the $69,000 level, with support at $68,000. Despite recent gains that moved above $70,000, the near-term trend is only slightly bullish after Bitcoin regained strength above the mid-60s. The Moving Average Convergence Divergence (MACD) remains above the signal line on the daily chart; with an improving chart, this indicates a recovery in bullish momentum. Meanwhile, the Relative Strength Index (RSI) is hovering just below the 50 level, suggesting slight stabilization in the trend and leaving room for fluctuations as the price holds below its recent highs. At the same time, Bitcoin’s position below the 50-, 100-, and 200-day exponential moving averages (EMA) indicates sellers are in control. Daily chart for the BTC/USDT pair The immediate support level for Bitcoin is near $68,000, aligning with the most recent low and the previous rebound zone, followed by a deeper support level around $66,000, where demand was seen during prior declines. Breaking this last level would move price toward the $65,000 area, where buyers are expected to defend the overall bullish structure. On the upside, the initial resistance lies near $70,000 before the $71,000 zone, and both levels have capped gains during previous sessions. A daily close above $71,000 would open the way toward the $72,800 - $74,900 range, where the downward resistance line from the $126,199 zone previously capped earlier advances—where supply could reappear. $BTC ‌ $ETH ‌ $XRP ‌

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