For the day ahead
Ethereum would need to move through to $233.20 levels to support a run at the first major resistance level at $236.70.
Support from the broader market would be needed, however, for Ethereum to break out from $235 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $238.59 should cap any upside.
Failure to move through the $233.20 pivot could see Ethereum take a hit on the day.
A fall back through to sub-$230 would bring the first major support level at $227.86 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $224.39.
Looking at the Technical Indicators
Major Support Level: $227.86
Major Resistance Level: $236.70
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 Sunday. Following on from a 0.30% decline on Saturday, Ripple’s XRP ended the week down by 6.41% to $0.19040.
It was a bearish start to the day. Ripple’s XRP slid from an early morning intraday high $0.19263 to a late intraday low $0.18875.
Ripple’s XRP fell through the first major support level at $0.1909 and the second major support level at $0.1894.
Finding late support, Ripple’s XRP briefly revisited $0.191 levels before falling back through the first major support level.
At the time of writing, Ripple’s XRP was down by 0.13% to $0.19015. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19041 to a low $0.18988.
Ripple’s XRP left the major support and resistance levels untested early on.