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Moving averages reinforce a similar view. The 200-day exponential moving average is acting as a barrier for the long term, while the 50- and 100-day EMAs are showing a downward slope.

This does not look like a market that is preparing for a rapid return to the $3 zone; rather, it is indicative of bullishness, expanding volumes, and signs of a trend change. So far, XRP has shown nothing of the sort.

momentum is also a cautionary factor. The fact that the RSI remains below 50 hints at a corrective rather than an explosive recovery, even though the index has bounced off the oversold zone. This is more typical of markets experiencing a downturn after a major liquidation cascade than the beginning of a long-term uptrend.

Therefore, it is likely that XRP is still able to continue its growth. The movement pattern suggests a drift to the area of $2.30-$2.40, provided the buyers’ activity continues. However, to demand an immediate reach of $3 at this stage is not analysis, but rather pure euphoria. The stock failed to regain any significant moving average, lost almost 30% in the last few days and remains within the descending channel.

In conclusion, Ethereum’s price dynamics indicate that it is ready to step out of Bitcoin’s shadow and make a significant breakout.

ETH has shown stabilization and a strong recovery after weeks of strong selling pressure that brought the asset down to the $2,700 level. Unlike many altcoins that are still probing new lows or stuck in sharp downward trajectories, ETH has successfully formed a clear higher low and has shown a marked improvement in short-term momentum.

The chart vividly illustrates the picture: ETH, having emerged from its steepest down phase, is now moving upward in smooth, controlled candlesticks rather than chaotic spikes caused by liquidations. RSI is showing an upward trend without signs of overheating, having left the oversold zone, which is just what is needed in the initial stages of recovery.

Most importantly, Ethereum is getting closer to reclaiming its 20-day EMA, which is the first structural boundary separating the beginning of a trend reversal from a temporary bounce.

This point becomes especially interesting in light of the overall market conditions. Many major altcoins are still lagging far behind or showing irregular capital inflows, and Bitcoin has yet to show an obvious reversal. Ethereum, however, is ahead of its peers.

Historically, the asset rotation phase – the shift of funds from high-risk instruments to more reliable, fundamentally strong tokens – has often signaled that ETH is beginning to show outperformance during periods of market volatility. ETH is ideally positioned to capitalize on these shifts.

the path to a full-blown medium-term recovery will open quickly if ETH manages to consolidate above the 20- and 50-day EMAs, as well as above the $3,100 – $3,200 range. Volumes have already started to rise, indicating the exhaustion of patient sellers and the growing confidence of buyers.

The predictable chorus of chanting, the bottom has been reached.

It was triggered by Bitcoin’s recent rebound, but the chart does not yet fully support this conclusion.

Yes, Bitcoin’s sharp decline stopped at the mid-$80000s, and the asset showed a strong intraday reversal. However, one strong rebound is no guarantee of a bottom, especially after such a massive collapse triggered by a wave of liquidations.

From a structural perspective, Bitcoin has formed the minimum conditions for a short-term bottom: buyers have intervened significantly, the RSI has recovered from the extreme oversold zone, and the asset has stabilized, avoiding an immediate return to an unmanageable decline.