For the day ahead
Ethereum would need to move through the $222.50 pivot to support a run at the first major resistance level at $229.52.
Support from the broader market would be needed, however, for Ethereum to break out from $225 levels.
Barring an extended crypto rally, the first major resistance level and Saturday’s high $231.1 should cap any upside.
Failure to move through the $222.50 pivot could see Ethereum spend yet another day in the red.
A fall back through to sub-$215 levels would bring the first major support level at $213.58 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$210 levels and the second major support level at $206.40.
Looking at the Technical Indicators
Major Support Level: $213.58
Major Resistance Level: $229.52
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slid by 4.14% on Saturday. Reversing a 0.63% gain from Friday, Ripple’s XRP ended the day at $0.17521.
A relatively bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.18356 before hitting reverse.
Falling short of the first major resistance level at $0.1868, Ripple’s XRP tumbled to a late intraday low $0.16900.
Ripple’s XRP fell through the first major support level at $0.1786 and the second major support level at $0.1745.
Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.1750 levels.
At the time of writing, Ripple’s XRP was down by 0.17% to $0.17492. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.17517 to a low $0.17447.
Ripple’s XRP left the major support and resistance levels untested early on.