For the day ahead
Ethereum would need to move through the $236.6 pivot to support a run at the first major resistance level at $239.32.
Support from the broader market would be needed, however, for Ethereum to break back through to $239 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $239.8 should cap any upside.
Failure to move through the $236.6 pivot would bring the first major support level at $233.37 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $230.63 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $233.37
Pivot Level: $236.60
First Major Resistance Level: $239.32
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 2.45% on Monday. Reversing a 0.20% decline from Sunday, Ripple’s XRP ended the day at $0.19502.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday $0.20068 before hitting reverse.
Ripple’s XRP fell through the first major support level at $0.1965 and the second major support level at $0.1932.
Finding late support, Ripple’s XRP moved back through the second major support level to cut the deficit on the day.
At the time of writing, Ripple’s XRP was down by 0.04% to $0.19494. A relatively bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19497 to a low $0.19429.
Ripple’s XRP left the major support and resistance levels untested early on.