- Technical Overview of Altcoins: Ethereum and XRP Face Challenges as Technical Indicators Retreat: Ethereum is trading at $2,259, maintaining price stability as it stays below the 100-day and 200-day exponential moving averages at approximately $2,345 and $2,562, respectively. The smart contract token is hovering above the 50-day exponential moving average at $2,244, which acts as immediate dynamic support; however, the bearish chart pattern of the MACD indicator and the Money Flow Index (MFI) below 50 on the daily chart point to potential sell-offs on bounces, while the Relative Strength Index (RSI) is fluctuating near the neutral zone. Daily chart of the ETH/USDT pair On the bullish side, initial resistance is seen at the 100-day exponential moving average, around $2,345, with a stronger barrier at the 200-day exponential moving average near $2,562. The overall downtrend is likely to persist as long as Ethereum trades below this range. On the downside, the 50-day exponential moving average at $2,244 is the first major support level. A sustained break below this level would indicate a deeper decline, while holding above it could allow for a corrective rebound toward the higher moving averages. Meanwhile, XRP is trading around $1.37, maintaining a near-term bearish trend, as the price remains below the 50-, 100-, and 200-day exponential moving averages. This set of moving averages, led by the 50-day exponential moving average at $1.41, reinforces an oversupply condition, while the broader descending resistance line extending from the $1.51 area adds an additional ceiling. Momentum readings are lackluster, with the RSI nearing 45 on the daily chart, and the MACD indicator’s chart falling below the zero line, suggesting that recovery attempts remain exposed to renewed selling pressure. Daily chart of the XRP/USDT pair On the bullish side, immediate resistance sits at the 50-day exponential moving average at around $1.41. Easing the current downward pressure requires a daily close above this level. After that, the descending resistance line near $1.51, aligned with the 100-day exponential moving average, forms a strong barrier, followed by the 200-day exponential moving average at $1.75, which still defines the overall bearish structure. Support is noted at $1.35, XRP’s lowest weekly level. A decisive close below this level could accelerate selling toward $1.30. $ETH ‌ $XRP ‌

- Cryptocurrency Today: Bitcoin, Ethereum, and XRP Show Technical Weakness as Risk-Avoidance Sentiment Declines Bitcoin (BTC) held steady above the short-term support level at $76,000, after extending its losses from its weekly high of $79,486, following the hawkish tone of the Federal Reserve (Fed) and the uncertainty surrounding peace negotiations between the United States and Iran. Altcoins, including Ethereum (ETH) and Ripple (XRP), continued to lose momentum, with their prices falling below short-term demand levels. Ethereum’s price hovers above $2,250, down from its weekly peak of $2,404, while Ripple trades at $1.37, down nearly 5% from its weekly high of $1.45. - Markets Assess the Fed’s Hawkish Tone Amid a Retreat in Risk Appetite: The Federal Open Market Committee (FOMC) kept interest rates unchanged for the fourth consecutive cycle in the range of 3.50% - 3.75% on Wednesday. The recent press conference by Federal Reserve Chair Jerome Powell was likely more significant. In his remarks, Powell pointed to risks of rising inflation driven by global energy prices, with West Texas Intermediate crude having surpassed $100 at the time of writing. The main reason behind higher oil and gas prices lies in the conflict unfolding in the Middle East, and the uncertainty surrounding peace negotiations. Powell emphasized that the committee needs to assess the impact of both energy-related shocks and tariffs before considering easing the current restrictive monetary policy. In a surprising move, the outgoing chair of the Federal Reserve announced that he would continue serving as governor after the anticipated leadership transition. He confirmed that his decision to remain on the board is intended to ensure the central bank can “conduct monetary policy without taking into account political factors.” During the press conference on Wednesday, Powell said: “After my presidential term ends on May 15, I will continue to serve as a governor for a period that will be determined later.” The hawkish stance of the Federal Reserve appears to be weighing on the cryptocurrency market, as evidenced by the Fear and Greed Index staying at 29, near the lower bound of the fear zone, down from last week’s average of 46. Cryptocurrency Fear and Greed Index | Source: Alternative Institutional interest in spot Bitcoin exchange-traded funds (ETFs) has cooled this week, with outflows of $263 million on Monday, $90 million on Tuesday, and about $138 million on Wednesday. Total cumulative inflows now stand at $58.07 billion, with an average net assets under management of $99.27 billion, according to SoSoValue. Bitcoin ETF Inflows | Source: SoSoValue Ethereum spot ETF funds saw a third consecutive day of outflows totaling $88 million on Wednesday. SoSoValue data shows that investors withdrew nearly $50 million on Monday and about $22 million on Tuesday. Total inflows were $11.94 billion, while assets under management were $13.10 billion. Ethereum ETF Inflows | Source: SoSoValue Meanwhile, XRP spot ETFs recorded modest net cash inflows of $3.59 million on Wednesday, compared with $2.20 million logged on Tuesday. Total inflows now stand at $1.30 billion, with an average net assets under management of $1.04 billion. XRP ETF Inflows | Source: SoSoValue $BTC ‌ $ETH ‌ $XRP ‌