Ethereum has registered a notable technical development after breaking above a declining trendline that restricted its price recovery since May. For weeks, ETH had traded below short-term resistance, but the latest price surge marks one of the most significant movements for the asset in recent months. However, analysts caution that this action does not, on its own, signal the start of a new bull market.
Ethereum breaks key trendline
ETH surpassed the downward resistance in the $1,750–$1,800 region, moving beyond a line that connected a sequence of lower highs set over previous months. This breakout comes on the heels of a long-running bearish pattern that had intensified following a rejection from the $2,400 level earlier in the year. Currently, ETH is holding above its 50-day exponential moving average (EMA) at $1,740, and its price is consolidating near $1,790.
The asset has also reclaimed the 100-day EMA at $1,755, creating a supportive zone beneath the current price. This shift marks a departure from the more bearish market structure seen in June when ETH remained in a downtrend. Supporting indicators, such as momentum metrics, add to this improving outlook.
The relative strength index (RSI) has lifted past 53, pointing to increasing buying interest and a move into bullish territory. The indicator has not entered overbought conditions, which leaves room for additional upside if demand persists. The next test for Ethereum is approaching quickly.
Major resistance sits in the $1,800–$1,850 range—a level that has repeatedly capped previous rallies in recent months. If ETH achieves a decisive move above this band, it could target its 200-day EMA near $2,220. However, trading volume remains closely scrutinized.
Although the breakout is promising from a technical perspective, increased trading activity would provide further confirmation that larger institutional participants are backing the move rather than only short-term traders.
ETH price has broken out above key resistance, and if supported by higher volume, it could signal broader trend improvement for Ethereum in the coming weeks.
Despite the recent upswing, ETH is still trading below the long-term resistance established earlier this year and remains well under its 200-day moving average. Still, the short-term narrative has shifted with the successful trendline breakout.
XRP defends critical support
XRP, developed by Ripple Labs, is showing attempts at a broader recovery despite recent weakness and rejection near local resistance. While XRP currently trades just above $1.07 and remains under its key moving averages, several market indicators still hint at persistent recovery potential.
The 50-day EMA at $1.11, 100-day EMA at $1.15, and 200-day EMA at $1.26 each continue to act as resistance above XRP’s current level, suggesting a predominantly bearish long-term outlook. However, these averages do not fully represent the current buying activity near psychological support.
Since the steep decline in June, the $1.00 zone has proven to be a strong support area. Attempts to push XRP below this level have failed, indicating solid demand and suggesting that downward momentum may be fading. Notably, XRP has managed to avoid fresh lows in the face of sustained pressure.
Volume patterns are also revealing. Selling activity has steadily decreased, but current levels of buyer participation remain insufficient to trigger a breakout. This environment often reflects accumulation, where investors refrain from selling at lower levels.
The RSI stands between 40 and 45, signaling neither oversold nor overbought conditions and leaving open the possibility for a rebound if market sentiment improves. Reclaiming the 50-day EMA at $1.11 is an immediate target for bulls and a move above it could open the path toward the $1.15–$1.20 resistance area. Should this rally continue, the 200-day EMA at $1.26 is the next major technical hurdle.
Ripple Labs is a US-based technology company focusing on digital payment protocols and the development of XRP, a digital asset used for cross-border financial transfers.
Mini dictionary: Exponential Moving Average (EMA), a technical indicator that gives greater weight to more recent price data and is used to gauge short- and long-term market trends.
Interestingly, XRP is consolidating above support, showing resilience despite trading below all major resistance zones.
Bitcoin eyes major resistance
Bitcoin (BTC) has rebounded toward the $63,000–$64,000 range after recovering from lows near $58,000. The move places Bitcoin immediately below a key resistance cluster that could determine the asset’s short-term trajectory. The 50-day EMA, currently at $64,600, represents the next technical challenge for bulls.
BTC has approached this level several times recently, but each attempt resulted in sellers regaining control. This repeated rejection underscores the significance of the current resistance zone, but several signals now point toward increasing odds of a breakthrough.
| Asset | Current Price Area | Key Resistance Level | 50-day EMA | 200-day EMA |
|---|---|---|---|---|
| Ethereum (ETH) | $1,790 | $1,800-$1,850 | $1,740 | $2,220 |
| XRP | $1.07 | $1.11-$1.20 | $1.11 | $1.26 |
| Bitcoin (BTC) | $63,000-$64,000 | $64,500-$65,000 | $64,600 | $74,700 |
BTC has set higher lows since its June bottom, with buyers stepping in at elevated prices instead of letting it drop back to $58,000. This price action hints at persistent accumulation and growing confidence among investors. Momentum indicators, such as the daily RSI, are improving and now approach the neutral 50 level, showing that bearish momentum has eased, even if bullish signals are not fully confirmed.
The market structure reinforces the breakout potential. After consolidating since the crash from $82,000, Bitcoin’s failure to make new lows increases the upward pressure on resistance. Yet, substantial challenges remain, including the 100-day EMA at $68,600 and the 200-day EMA at about $74,700.
Volume trends are still subdued. The sizable selling volume seen during the June drop has yet to be matched by buying activity in recovery attempts, so traders are watching for increased participation to support a breakout.
Bitcoin is consolidating below the $64,500–$65,000 resistance range, and a close above this level could quickly shift the broader sentiment and set the stage for a move toward $68,000.
Currently, BTC appears to be gathering strength immediately beneath major resistance without facing strong rejections. The technical picture suggests that the chances of a breakout are improving, although more confirmation is needed.
