Ethereum News Today: XRP Surges 15% Past 2018 High, Ethereum Faces Resistance at $3,581

XRP has shattered its 2018 all-time high of $3.40, entering a phase of price discovery with strong bullish momentum. The weekly Relative Strength Index (RSI) for XRP stands at 70, indicating an overbought condition that typically signals caution for day traders but suggests a sustained bull run on longer timeframes. The Average Directional Index (ADX) is at 19, which, in the context of a breakout from a multi-year range, suggests that the real trend has yet to start. The moving average configuration on the weekly chart is particularly bullish, with the 50-week Exponential Moving Average (EMA) well below current levels and the gap to the 200-week EMA continuing to expand. This widening differential typically precedes multi-month trending moves, reflecting sustained accumulation over shorter-term profit-taking. Key support levels for XRP are at $3.00 and $2.50, while immediate resistance is at $4.00 and strong resistance at $4.38.

Dogecoin, on the other hand, is consolidating near $0.20, with its weekly chart indicating indecision ahead. The weekly RSI for Dogecoin is at 56, placing it in neutral territory and suggesting that the market has digested recent gains and is awaiting the next catalyst. The ADX at 15 confirms a market in consolidation, with a multi-week to multi-month accumulation phase often preceding explosive moves. Dogecoin's position relative to its weekly moving averages shows it trading above the 50-week EMA, maintaining the longer-term uptrend structure. However, the convergence of the 50 and 200-week EMAs suggests uncertainty about DOGE’s potential to sustain bullish momentum. Key support levels for Dogecoin are at $0.18 and $0.15, while immediate resistance is at $0.24 and strong resistance at $0.31.

Ethereum's long-term bullish structure remains intact, but the real test comes at all-time high resistance. Currently trading at $3,581, Ethereum faces a battle between its long-term bullish structure and medium-term resistance levels that have capped rallies. The weekly RSI for Ethereum is at 68, suggesting room for continuation if buyers step up. The ADX at 21 confirms the existence of a trend, marking the transition from consolidation to trending phases. Key support levels for Ethereum are at $2,400 and $2,087, while immediate resistance is at $2,888 and strong resistance at $3,580. The weekly EMA configuration remains constructive, with price above both the 50 and 200-week averages, but the relatively narrow gap between these averages suggests the market hasn't fully committed to a new major uptrend.

The crypto market is currently navigating a complex macroeconomic landscape where traditional markets continue to reach new milestones while geopolitical tensions simmer beneath the surface. The Federal Reserve's decision to keep interest rates steady at 4.25%-4.5% has created a wait-and-see environment, as it maintains its criteria that "uncertainty about the economic outlook has diminished, but remains elevated." This risk-on sentiment in traditional markets typically bodes well for crypto assets, though the correlation isn't always immediate. Bitcoin's run to new all-time highs has set divergent paths for major altcoins, with XRP, Dogecoin, and Ethereum each presenting different technical pictures.