For the day ahead
Ethereum would need to move back through the first major support level to $160 levels to support a run at the first major resistance level at $165.11.
Support from the broader market would be needed, however, for Ethereum to breakout from the morning high $158.82.
Barring a broad-based crypto rebound, resistance at $160 would likely leave Ethereum short of the first major resistance level.
Failure to move back through to $160 levels could see Ethereum fall deeper into the red.
A fall back through to sub-$150 levels would bring the second major support level at $149.07 back into play.
Barring an extended crypto sell-off, Ethereum should continue to steer clear of sub-$140 support levels.
Looking at the Technical Indicators
Major Support Level: $153.97
Major Resistance Level: $165.11
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 0.72% on Sunday. Following on from a 0.27% gain on Saturday, Ripple’s XRP ended the week up by 5.79% to $0.18994.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.18631 before finding support.
Steering clear of the first major support level at $0.1851, Ripple’s XRP rallied to a late afternoon intraday high $0.19626.
Ripple’s XRP broke through the first major resistance level at $0.1923 before sliding back to sub-$0.19 levels. The second major resistance level at $0.1960 capped the upside on the day.
At the time of writing, Ripple’s XRP was down by 2.98% to $0.18428. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.18975 to a low $0.18010.
Falling short of the major resistance levels, Ripple’s XRP slid through the first major support level at $0.1854. The second major support level at $0.1809 limited the downside early on.
