For the day ahead
Ethereum would need to move through to $215 levels to bring the second major resistance level at $217.29 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $215.84.
Barring a broad-based crypto rebound, resistance at $215 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $215 levels could see Ethereum slide deeper into the red.
A fall back through the morning low to sub-$213.30 levels would bring the first major support level at $210.67 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $206.64.
Looking at the Technical Indicators
Major Support Level: $210.67
Major Resistance Level: $217.29
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 0.19% on Tuesday. Partially reversing a 2.02% gain from Monday, Ripple’s XRP ended the day at $0.20477.
Tracking the broader market, Ripple’s XRP slid to an early morning intraday low $0.20064 before finding support.
Ripple’s XRP fell through the first major support level at $0.2015 before striking a late morning intraday high $0.20635.
Falling short of the first major resistance level at $0.2086, Ripple’s XRP fell back to $0.2025 levels and into the red.
Finding late support from the broader market, Ripple’s XRP recovered to $0.2040 levels to limit the loss on the day.
At the time of writing, Ripple’s XRP was up by 0.02% to $0.20482. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.20435 before striking a high $0.20550.
Ripple’s XRP left the major support and resistance levels untested early on.
