For the day ahead
Ethereum would need to move through the $225.70 pivot to support a run at the first major resistance level at $228.47.
Support from the broader market would be needed, however, for Ethereum to break back through to $228 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $228.69 should cap any upside.
Failure to move through the $225.70 pivot would bring the first major support level at $222.71 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $219.94 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.71
Major Resistance Level: $228.47
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 1.07% on Tuesday. Reversing a 0.16% gain from Monday, Ripple’s XRP ended the month down by 13.21% to $0.17569. While down for the month, Ripple’s XRP gained 0.91% in the 2nd quarter.
It was also a mixed start to the day. Ripple’s XRP rose to an early morning high $0.17788 before hitting reverse.
Coming within range of the first major resistance level at $0.1795, Ripple’s XRP slid to an early afternoon intraday low $0.17497.
Finding support at the first major support level at $0.1752, Ripple’s XRP recovered to $0.177 levels before easing back.
At the time of writing, Ripple’s XRP was down by 0.45% to $0.17490. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.17531 to a low $0.17400.
Ripple’s XRP tested the first major support level at $0.1745 early on.