- Technical Overview of Altcoins: Ethereum and XRP Sellers Tighten Their Grip:

Ethereum is under pressure and trading near the support level at $2000. The short-term trend shows a cautious bearish bias, with the price remaining below the upward trendline that has not yet been broken. Both the 50-day exponential moving average (EMA) near $2185 and the 100-day EMA around $2443 are limiting Ethereum's upward movement, placing the coin within a broader corrective trend.

Furthermore, the MACD indicator has fallen below the signal line on the daily chart, with the red histogram bars widening, indicating a slowdown in bullish momentum and reinforcing the downward divergence. The Relative Strength Index (RSI) remains at 46, below the midline of 50 on the same chart, which aligns with slight selling pressure rather than capitulation.

Daily chart of ETH/USDT

Immediate support is near the recent low of $2000, and if broken, a deeper demand zone around $1950 will appear if sellers dominate the market. If the price drops below that, $1800 will serve as the next support level, where previous rebound lows are clustered. On the upside, Ethereum faces resistance at the 50-day EMA around $2185, which must be reclaimed by the close today to ease current pressure.

As for XRP, the short-term trend remains mildly bearish, with the price continuing to decline toward approximately $1.35, below the 50, 100, and 200-day EMAs, keeping the overall trend bearish despite the previous rally to $1.61. The MACD has fallen below the signal line on the daily chart, with the red histogram bars expanding, reflecting a slowdown in bullish momentum after the recent rise and reinforcing downward pressure.

Meanwhile, the RSI hovers just above 40 on the same chart, indicating bearish momentum without oversold conditions, leaving room for further weakness if sellers maintain control.

Daily chart of XRP/USDT

Immediate support for XRP is at $1.32, the same level as its lowest price recorded on March 8. Breaking this level would reveal another bearish zone near $1.30, followed by a stronger demand area around $1.25. On the upside, initial resistance is at $1.40, where the recent rebound paused, followed by $1.45, which limited the price increase in mid-March. A daily close above $1.45 would ease the current bearish trend and open the way toward $1.54.