For the day ahead
Ethereum would need to avoid sub-$235 levels to support a run at the first major resistance level at $242.10.
Support from the broader market would be needed, however, for Ethereum to break back through to $240 levels.
Barring an extended crypto rally, the first major resistance level at $242.10 should cap any upside.
Failure to avoid sub-$235 levels could see Ethereum fall take another hit on the day.
A fall through the $235 pivot would bring the first major support level at $230.40 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$225 and the second major support level at $223.27.
Looking at the Technical Indicators
Major Support Level: $230.40
Major Resistance Level: $242.10
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 2.66% on Friday. Partially reversing a 7.44% slide from Thursday, Ripple’s XRP ended the day at $0.19309.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.18686 before making a move.
Steering clear of the first major support level at $0.1801, Ripple’s XRP rallied to a midday intraday high $0.19490.
Coming up short of the first major resistance level at $0.2000, Ripple’s XRP fell back to a low $0.19151 before finding support.
At the time of writing, Ripple’s XRP was down by 0.28% to $0.19254. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19309 to a low $0.19244.
Ripple’s XRP left the major support and resistance levels untested early on.