- Technical Outlook on Altcoins: Ethereum and XRP Test Key Support Levels: Ethereum maintains an immediate support level above $2000, but its short-term technical outlook is deteriorating. Technical indicators, including the Relative Strength Index (RSI) at 30, which is trending downward on the daily chart, confirm increasing bearish momentum. Similarly, the MACD remains below the signal line on the same chart, prompting investors to reduce their risk exposure. Additionally, Ethereum's price remains well below the 50-day exponential moving average (EMA) at $2741, the 100-day EMA at $3002, and the 200-day EMA at $3173. With moving averages declining, they limit Ethereum's potential for recovery. Therefore, a close below the immediate support level of $2000 could accelerate the downward trend and test the lowest level recorded on Friday at $1747. Daily chart of ETH/USDT pair On the other hand, XRP maintains its price above the support level of $1.40, with initial resistance at $1.50. The path of least resistance remains downward, as indicated by the RSI, which is below 35 on the daily chart. If the RSI drops into oversold territory, more investors may turn bearish, increasing selling pressure. If the price falls below the support level of $1.40, it could retest the level of $1.37, which was Monday’s low, and the lowest level recorded on October 10 at $1.25. Daily chart of XRP/USDT pair Conversely, the current support level at $1.40 indicates stability, which may attract investor interest before a breakout above $1.50.

Cryptocurrency sales continue as market capitalization drops by 10% The cryptocurrency sector has been generally bearish since Bitcoin hit its all-time high of $126,199 on October 6, when the total market value reached $4.38 trillion. The collapse on October 10 significantly dampened sentiment, making it difficult to sustain a recovery, while the Federal Reserve's decision to pause the monetary easing cycle in late January accelerated the sell-off. In February alone, the market capitalization of cryptocurrencies decreased by about 10% to $2.4 trillion from $2.74 trillion, negatively impacting investor sentiment. At the same time, Bitcoin's price plummeted, testing the $60,000 level on Friday before briefly rebounding above $70,000. Market Cap of Digital Assets | Source: CoinGecko Bitcoin, Ethereum, and XRP attract institutional interest Institutional investors continue to show interest in spot ETFs for Bitcoin, Ethereum, and XRP, as evidenced by the cash flows recorded on Monday. US-listed Bitcoin spot ETFs continued their cash inflows for the second consecutive day, attracting $145 million from investors on Monday. According to SoSoValue data, inflows of $371 million were recorded on Friday. Total inflows reached $54.83 billion, while net assets under management stood at $90.05 billion. Continued investment inflows in the coming days could support positive sentiment and increase the likelihood of Bitcoin rising above $70,000. Bitcoin ETF Inflows | Source: SoSoValue Meanwhile, Ethereum ETFs resumed capital inflows on Monday, receiving about $57 million. With this inflow, these ETFs end three consecutive outflows, which had negatively impacted the smart contract coin. Total inflows amount to $11.87 billion, with net assets under management at $12.42 billion. Ethereum ETF Inflows | Source: SoSoValue Cash inflows into US-listed spot XRP ETFs reached $6.3 million on Monday, bringing total inflows to $1.23 billion and net assets under management to $1.04 billion. Institutional investors continued their interest in XRP ETFs, marking four consecutive days of cash inflows. XRP ETF Inflows | Source: SoSoValue