- Ethereum's recovery is within a certain range

Ethereum is trading above $2000 at the time of writing this report on Wednesday, recording a decline after a two-day rebound. The price of Ethereum has stabilized within the range that began on February 5, between $1818 and $2173, maintaining a neutral outlook in the short term. However, the downward exponential moving averages (EMAs) for 50, 100, and 200 days indicate an overall bearish trend.

The MACD indicator is rising with the signal line, with a moderately positive chart suggesting a slight improvement in bullish momentum, but not strong momentum. The Relative Strength Index (RSI) is approaching the 48 level, which aligns with a consolidating market condition.

Looking upward, there is a resistance zone at $2173, with the 50-day EMA at $2224. A decisive close above this level could target the 100-day EMA at $2555.

ETH/USDT daily price chart.

On the other hand, the $1818 level remains the immediate support.

- Ripple faces risk of decline due to consolidation
Ripple's price is trading below $1.40 at the time of writing this report on Wednesday, approaching the $1.3328 level, which is the lower bound of the trading range, with an upper limit at $1.5154. If Ripple (XRP) drops below $1.3328, it could threaten its lowest point since February 6 at $1.1172.

The short-term trend leans toward cautious neutrality with a slight downward bias. The MACD is slightly above the signal line, while the RSI is recovering at 44 from its previous lows, indicating a slight easing in bearish momentum but not a confirmed trend reversal.

XRP/USDT daily price chart.

On the other hand, XRP may face headwinds near the $1.5154 ceiling, close to the 50-day EMA at $1.5236.
$ETH ‌
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