For the day ahead
Ethereum would need to move back through to $158 levels to support a run at the first major resistance level at $160.90.
Support from the broader market would be needed, however, for Ethereum to breakout from Monday’s high $159.44.
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 $158 levels could see Ethereum fall deeper into the red.
A fall through to sub-$155.30 levels would bring the first major support level at $151.16 into play.
Barring an extended crypto sell-off, Ethereum should steer clear of the second major support level at $145.56.
Looking at the Technical Indicators
Major Support Level: $151.16
Major Resistance Level: $160.90
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP fell by 0.89% on Monday. Reversing a 0.72% gain from Sunday, Ripple’s XRP ended the day at $0.18807.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.18010 before finding support.
The sell-off saw Ripple’s XRP slide through the first major support level at $0.1854. Finding support at the second major support level at $0.1809, Ripple’s XRP bounced back to a late intraday high $0.18987.
Falling well short of the first major resistance level at $0.1954, Ripple’s XRP eased back to sub-$0.1890 levels to end the day in the red.
Resistance at $0.19 pinned Ripple’s XRP back on the day.
At the time of writing, Ripple’s XRP was down by 0.51% to $0.18712. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.18878 before falling to a low $0.18708.
Ripple’s XRP left the major support and resistance levels untested early on.
