For the day ahead
Ethereum would need to avoid a fall through the $391.81 pivot to support a run at the first major resistance level at $399.60.
Support from the broader market would be needed, however, for Ethereum to break back through to $399 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $400 should cap any upside.
A fall through the $391.81 pivot would bring the first major support level at $382.62 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $374.83.
Looking at the Technical Indicators
First Major Support Level: $382.62
Pivot Level: $391.81
First Major Resistance Level: $399.60
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 2.56% on Sunday. Reversing a 0.40% gain from Saturday, Ripple’s XRP ended the week down by 0.04% to $0.28781.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.29582 before hitting reverse.
Falling short of the first major resistance level at $0.2994, Ripple’s XRP slid to a mid-afternoon intraday low $0.28207.
Ripple’s XRP fell through the first major support level at $0.2907 and the second major support level at $0.2860.
Finding late support, Ripple’s XRP briefly revisited $0.29 levels before easing back into the deep red.
The first major resistance level at $0.2907 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.46% to $0.28914. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.28821 to a high $0.28992.
Ripple’s XRP left the major support and resistance levels untested early on.
