For the day ahead
Ethereum would need to avoid a fall through the $223.35 pivot to support a run at the first major resistance level at $229.34.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $227.93.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $223.35 pivot could see Ethereum return to the red.
A fall back through to sub-$220 levels would bring the first major support level at $218.76 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels and the second major support level at $212.77.
Looking at the Technical Indicators
Major Support Level: $218.76
Major Resistance Level: $229.34
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 1.07% on Sunday. Partially reversing a 4.14% slide from Saturday, Ripple’s XRP ended the week down by 4.77% to $0.17704.
It was a relatively bearish start to the day. Ripple’s XRP fell to an early morning intraday low $0.17300 before making a move.
Steering clear of the first major support level at $0.1683, Ripple’s XRP rallied to a late afternoon intraday high $0.17986.
Falling short of the first major resistance level at $0.1829, Ripple’s XRP fell back to sub-$0.1770 levels.
A late move back through to $0.177 levels supported the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.08% to $0.17719. Ripple’s XRP rose from an early morning low $0.17705 to a high $0.17752 before easing back.
Ripple’s XRP left the major support and resistance levels untested early on.
