Bitcoin rebounds, Ethereum and XRP send strong bullish signals!
After a tough weekend of declines, the market is staging a recovery rebound.
Ethereum leads the altcoin recovery, rising 4.36% to $3,650, breaking through the resistance level of $3,600, clearly turning the resistance that has limited its rise since the end of July into a support level.
The technical outlook for $ETH is generally bullish, with the 50-day moving average well below the current price, providing solid support around $3,200. The 200-day moving average provides support around $2,700, forming a multi-layered support, which is usually seen as a bullish signal.
$XRP continues to rise from the ashes, increasing 2.83% to $3.04, maintaining above the important psychological level of $3.00. Driven by increasing speculation around the XRP spot ETF and the clarity in regulation following the SEC lawsuit ruling, it has become one of the best-performing cryptocurrencies of 2025.
Both of the above are primarily long positions, and building positions in batches is the safest approach!
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