2025-12-22 19:47:42

Altcoin Update: rise in Ethereum price as Ripple price stabilizes

Ethereum is trading above $3000 at the time of writing this report on Monday, supported by the rising Relative Strength Index on the daily chart. The Relative Strength Index appears to be on the verge of breaking into the bullish territory, a move that could enhance momentum and support the bullish trend for Ethereum.

The MACD indicator confirmed a buy signal on the same chart, as the blue line crossed above the red signal line. However, traders should be cautious in their bullish expectations, as the MACD indicator is still in the bearish zone, and the green histogram is above the steady average.

The breakout of the 50-day exponential moving average at $3195 will significantly contribute to confirming bullish expectations, and is likely to increase the chances of a sustained price rise above the resistance level resulting from the convergence of the 100-day exponential moving average and the 200-day exponential moving average around $3403.

On the other hand, failing to surpass the 50-day exponential moving average may leave Ethereum vulnerable to headwinds and increase the risk of falling below $3000.

The daily chart for the ETH/USDT pair

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Before00zero

2025-12-22 19:38:12

- Today's chart: Stability of Bitcoin price, approaching a breakout of the 90 thousand Dollar level:
Bitcoin is trading above $89,000 at the time of writing this report on Monday, supported by the upward relative strength index (RSI) at a level of 48 on the daily chart. The relative strength index itself appears to be poised for a breakout of the midpoint line at 50, which is likely to strengthen price momentum to support a breakout above $90,000.

The Moving Average Convergence Divergence indicator (MACD) shows a positive divergence, with the blue line above the red signal line on the same daily chart. If the green bars continue to expand above the average line, the path of least resistance may remain upward.

Closing the price above the 50-day exponential moving average at $93,608 will open the way for an extended breakout towards the 100-day exponential moving average at $99,239. The 200-day exponential moving average at $101,987 may limit price retracements above $100,000.

The daily chart for the BTC/USD pair

However, moving averages are generally trending downward, confirming bearish expectations. Therefore, a close below the $90,000 level could lead to another wave of selling, with support at the $83,822-$84,450 level within reach.

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