Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
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
Trending Topics
View More2.19K Popularity
45.2K Popularity
360.83K Popularity
34.85K Popularity
55.71K Popularity
Pin
#CryptoMarketRebound
Altcoin Update: Ethereum and XRP Testing Support
Ethereum remains mostly bearish on Tuesday, supported by multiple sell signals on the daily chart. The MACD indicator has maintained a sell signal since Friday, encouraging investors to take a bearish stance.
Another sell signal appeared from the SuperTrend indicator on Friday, indicating that sellers have the upper hand.
The position of the Relative Strength Index (RSI) in a bearish zone indicates another bearish signal. If the decline continues towards the oversold area, the path of least resistance will remain downward, increasing the likelihood of Ethereum trending down below the $4000 level.
However, recovery is still possible if the support of the 100-day exponential moving average holds at $3,975, and investors buy on the dip. A subsequent rise above the 50-day exponential moving average at $4,240 will confirm the bullish outlook.
The daily chart for the ETH/USDT pair
As for the Ripple currency (XRP), selling pressure has broken a three-day recovery, pushing it to test the resistance level of the (EMA) two-hundred-day exponential moving average at $2.63 on Monday. The cross-border money transfer token is trading above the $2.40 level at the time of this report, which is a short-term support level on the daily chart.
The sell signal from the MACD indicator reinforces bearish expectations, while the Relative Strength Index slides towards the overbought territory.
The daily chart for the XRP/USDT pair
The price of Ripple may extend its downward trend towards $2.00 if the support level at $2.40 is broken. However, bulls may strengthen their grip on regaining the 200-day exponential moving average support at $2.63, increasing the likelihood of breaking the psychological level of $3.00.