Ethereum News Today: Ethereum XRP Litecoin Surge as Crypto Market Rebounds to $3.76T

The crypto market is staging a strong recovery following a weekend selloff, with Ethereum and XRP leading the rebound. Ethereum surged 4.36% to $3,650, breaking above the key $3,600 resistance level, supported by strong technical indicators such as a 50-day EMA of $3,200 and a 200-day EMA of $2,700. The ADX reading of 40 confirms robust trend momentum, while the RSI at 60 suggests further upside potential without reaching overbought territory. Litecoin also outperformed with an 8.72% gain to $119.11, driven by bullish EMA patterns and rising momentum. XRP climbed 2.83% to $3.04, maintaining support above $3.00 amid growing institutional interest and ETF speculation. The broader market has rebounded to a $3.76 trillion market cap, with 95% of the top 100 cryptocurrencies posting gains.

Ethereum’s breakout is significant as it transforms a former resistance level into a support zone, indicating strong buying pressure. The technical setup, including the Squeeze Momentum Indicator signaling a breakout phase, suggests that Ethereum may continue its upward trajectory in the coming months. Traders are closely watching key levels, including immediate support at $3,600 and strong resistance at $4,103. The likelihood of Ethereum hitting a new all-time high is increasing, with 60% of market predictors expecting this outcome within the next six months. This is further supported by the ADX and RSI readings, which confirm a strong and sustainable trend.

XRP’s recovery is being fueled by institutional interest and the resolution of the SEC lawsuit, creating a favorable environment for growth. While it corrected from its recent high, the 50-200 EMA configuration and RSI at 53 indicate a healthy consolidation phase. Institutional accumulation is evident, and the market is now focusing on key resistance levels at $3.39 and $3.70. The ADX at 34 confirms a strong trending environment, and the Squeeze Momentum Indicator suggests a potential breakout from consolidation.

Litecoin’s surge of 8.72% to $119.11 has outpaced both Bitcoin and Ethereum, driven by renewed institutional interest and ETF speculation. The ADX nearing 25 suggests a potential transition to a sustained uptrend, supported by a golden cross configuration in the EMA and a bullish RSI reading of 68. The Squeeze Momentum Indicator aligns with the recent price breakout, indicating further gains could follow as the market transitions from consolidation to a trending phase.

The overall crypto rally is being supported by broader market trends, including a positive open for the S&P 500 and strong earnings from major tech firms. Bitcoin, while showing a modest 1% gain to $114,798, remains stable, providing a solid foundation for altcoins. Mantle and Memecore, two of the top 100 cryptocurrencies, surged by 19% and 26%, respectively, further signaling strong investor confidence.

As the market continues its recovery, investors should remain attentive to key support and resistance levels, which will be crucial in determining the direction of the rally. The technical strength of Ethereum, XRP, and Litecoin, combined with institutional interest, positions the market for further gains in the near term. COINOTAG will continue to monitor these developments and provide timely updates.

[1] Source: [1]Ethereum Shows Potential for Continued Rally Amid Crypto Market Recovery (https://en.coinotag.com/ethereum-shows-potential-for-continued-rally-amid-crypto-market-recovery/)