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The ETH/USD pair recently bounced off the $1,350–$1,450 area, labeled on the chart as the “Ethereum Accumulation Zone.” This level had previously served as a launchpad for major rallies in early 2023 and mid-2023, reinforcing its importance as a historical demand zone.
This bounce also coincides with deeply oversold conditions on the weekly Relative Strength Index (RSI), currently recovering from near the 30 mark—a level typically associated with market bottoms and rebound potential.
Ethereum remains below its 50-week EMA (~$2,651), which has flipped into resistance.
However, the more achievable short-term target is the 200-week EMA (the blue wave). A move toward this level would mark a ~37% recovery from the recent lows, potentially driven by short covering and renewed accumulation.
If bullish momentum sustains and macro conditions stabilize, Ethereum could revisit the $2,200–$2,260 range in the coming weeks. However, failure to hold above the accumulation zone risks a deeper downside toward the $1,200 level.
XRP (XRP) Technical Analysis — Falling Wedge Suggests 35% Jump Next
XRP is trading within a textbook falling wedge pattern on the weekly chart, signaling the potential for a bullish breakout that could push prices toward the $2.88 mark in the coming sessions.
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