For the day ahead
Ethereum would need to move through to $210 levels to bring the first major resistance level at $213.49 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $210.96.
Barring an extended crypto rally, the first major resistance level at $213.49 would likely limit any upside.
Failure to move through to $210 levels could see Ethereum struggle throughout the day.
A fall back through to sub-$204.30 levels would bring the first major support level at $197.70 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$190 support levels on the day.
Looking at the Technical Indicators
Major Support Level: $197.70
Major Resistance Level: $213.49
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slipped by 0.64% on Monday. Following on from a 2.00% decline on Sunday, Ripple’s XRP ended the day at $0.21785.
Tracking the broader market, Ripple’s XRP slid from an early morning intraday high $0.22090 to a mid-morning intraday low $0.20723.
Ripple’s XRP fell through the first major support level at $0.2142 and the second major support level at $0.2092.
Through the late morning, Ripple’s XRP recovered to $0.2128 levels before sliding back to sub-$0.21 levels.
Finding support at the second major support level at $0.2092, Ripple’s XRP struck a late high $0.21997 before easing back.
While breaking back through the first major support level at $0.2142, resistance at $0.22 pinned Ripple’s XRP back late on.
At the time of writing, Ripple’s XRP was up by 0.18% to $0.21824. A range-bound start to the day saw Ripple’s XRP rise from an early morning low $0.21807 to a high $0.21900.
Ripple’s XRP left the major support and resistance levels untested early on.
