# Altcoin Update: Ethereum and XRP Testing Bounce Strength
**Ethereum Trading Above $2,100, Recovering from Thursday's Low**
Ethereum is trading above $2,100, up from its Thursday low of $2,099. The near-term trend is neutral with a slight downside bias, as the smart contract token hovers below the 50, 100, and 200-day exponential moving averages clustered around $2,212-$2,813. Similarly, the downtrend line confirms that the overall trend remains bearish.
The MACD indicator remains in positive territory on the daily chart but is retreating toward the signal line amid contracting histogram bars, indicating weakening upside momentum. The (RSI) near 51 on the same chart aligns with this direction, reflecting a balance of power after exiting near oversold territory rather than an established uptrend.
**ETH/USDT Daily Chart**
Initial resistance sits at the 50-day exponential moving average around $2,212, followed by a recent high at $2,386. A daily close above $2,386 would open the path toward the 100-day exponential moving average at $2,495. On the downside, Ethereum is testing support at $2,130, which capped gains throughout February. Additional support is noted around $2,050 from a recent low zone, followed by stronger bids near $1,750-$1,800, the base of the last bounce. Breaking $1,750 would weaken the emerging uptrend and expose deeper corrections within the broader bearish structure.
**XRP Showing Neutral Trend with Slight Upside Lean**
For XRP, the near-term trend is neutral with a slight upside lean following the pair's bounce from the $1.42 zone. The token remains below the downtrend line that has capped every rally since the $3.66 peak, keeping the overall structure in correction despite the recent recovery.
Daily closing prices remain below the 50, 100, and 200-day exponential moving averages clustered between $1.50-$1.95, indicating the bounce is still within a broader downtrend. Momentum indicators have weakened, with $ETH RSI at 51, while MACD remains above the signal line amid declining green bars on the daily chart.
**XRP/USDT Daily Chart**
Initial support lies at $1.42, where XRP bounced on Thursday, followed by $1.40, a pivotal bounce level. Breaking this level would weaken the emerging uptrend and expose the next downside zone near $1.30. On the upside, immediate resistance sits at $1.50, followed by a weekly high at $1.61.
$XRP
