Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
- Technical Analysis of Altcoins: Ethereum and XRP Experience Stagnation, but Optimism Remains.
Ethereum is trading above $3,200 at the time of writing this report on Tuesday, with downside support from the 50-day Exponential Moving Average (EMA) at $3,125, while the 100-day EMA at $3,307 limits the upside.
Buyers have a relative advantage, as the MACD indicator on the daily chart extends into the positive territory, while the blue line maintains a positive divergence above the red signal line. The green histogram bars are also expanding above the moving average line, which may encourage investors to increase their risk exposure.
Breaking above the moving averages range, represented by the 100-day EMA at $3,307 and the 200-day EMA at $3,352, would enhance Ethereum's recovery prospects. After surpassing this level, the next resistance level is at $3,350, which was tested on November 10.
The RSI(RSI) on the same chart remains at 65, indicating a possible consolidation before the next breakout. If the RSI drops toward the midline at 50, a reversal in Ethereum's price could occur. Closing below the 50-day EMA will increase the likelihood of Ethereum's price falling below $3,000.
Daily chart of ETH/USDT pair
As for XRP, its recovery has halted at the 200-day EMA level, which stands at $2.35 at the time of writing this report on Tuesday. The downward trendline from its all-time high of $3.66 also limits any potential rally.
The RSI(RSI) on the daily chart remains at 74 in overbought territory, indicating that XRP's bullish trend may be at risk if investors start taking strong profits, which could increase selling pressure.
Daily chart of XRP/USD pair
The 100-day EMA is expected to provide support at $2.22, with any further decline likely contained by the 50-day EMA at $2.07. However, the MACD indicator shows buyer dominance, as evidenced by the blue line rising above the signal line and the green histogram bars expanding.
Continuing the bullish trend above the trendline and the 200-day EMA at $2.35 would increase the chances of XRP approaching $3.00.