Ethereum, XRP, SHIB Face Bearish Trends Amid Market Uncertainty

Altcoins, including Ethereum (ETH), XRP, and Shiba Inu (SHIB), are currently facing significant challenges. Following a strong start to the first quarter, these cryptocurrencies are now under pressure, with concerns rising about potential further declines. Ethereum has breached its support levels near $1,600, SHIB is on the brink of another significant drop, and XRP is struggling to keep pace with Bitcoin's momentum. The bearish technical indicators for all three assets have traders questioning whether a surprise bounce is possible or if a deeper fall is imminent.

Ethereum's recent performance has been particularly concerning. After losing the crucial $1,570–$1,600 support range, which has historically served as a rebound base, ETH is now hovering near $1,574. This decline, which has seen ETH drop nearly 4% in the past 24 hours, coincides with rising macroeconomic uncertainty and an increase in ETH futures market inflows. Technical indicators are flashing red, with ETH trading below the 26 EMA, 50 EMA, 100 EMA, and 200 EMA, all of which are sloping downward. This reinforces a multi-timeframe bearish trend, and the failed attempt to hold above the ascending trendline support from March invalidates the short-term bullish setup, opening the door for a further dip toward $1,500 or even $1,200 if momentum continues to fade.

XRP, on the other hand, has been underperforming despite a strong start to the year. Multiple attempts to break above the 26 EMA have failed, keeping the token locked in a descending channel. The RSI is stuck between 40–50, indicating indecision, while trading volume remains thin, a sign of weakening market interest. Unless XRP manages to close above the 26 EMA with rising volume, the asset may face extended stagnation or further decline.

SHIB is also in a precarious position. Currently trading at $0.00001168, it has repeatedly failed to establish a solid support base. All major EMAs are heading downward, and the recent rejection at the $0.00001270 barrier supports the bearish tendency. There is little to prevent SHIB from retesting the psychologically critical $0.00001000 level if it falls below $0.00001050. However, there is a ray of hope, as a quick rebound might be driven by positive news or a wider market recovery. Bullish momentum could be restored for SHIB if the $0.00001200 – $0.00001270 range is reclaimed with high volume. Rekindled interest in XRP would be indicated by a breach above its downtrend line.

The coming days are critical for these altcoins. If Ethereum can’t reclaim its lost support quickly, it could tumble toward support levels like $1,500 or even $1,200. XRP needs to break its short-term EMAs to signal any real recovery, and SHIB must find firm footing above $0.00001200 to shake off its bearish grip. With overall volume down and macro headwinds intensifying, the path forward looks uncertain but not hopeless.

While Bitcoin dominance remains firm, altcoins are clearly struggling. The breakdown of Ethereum, the slow pace of XRP, and the vulnerability of SHIB create a cautious picture. Experienced cryptocurrency investors are aware that sentiment can change quickly and that markets move rapidly. Until then, the charts favor the bears, and patience may be the smartest play for traders waiting for Ethereum price support levels to stabilize or for clearer signals in the broader market.