For the day ahead
Ethereum would need to move through the $380.65 pivot to support a run at the first major resistance level at $396.53.
Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $398.3 should cap any upside.
Failure to move through the $380.65 pivot would bring the 38.2% FIB of $367 and the first major support level at $363.00 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$350 and the second major support level at $347.12.
Looking at the Technical Indicators
First Major Support Level: $363.00
Pivot Level: $380.65
First Major Resistance Level: $396.53
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 4.21% on Tuesday. Reversing a 2.28% gain from Monday, Ripple’s XRP ended the day at $0.28238.
Tracking the broader market, Ripple’s XRP rallied to an early morning intraday high $0.30744 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.3022 before sliding to a late intraday low $0.26756.
The reversal saw Ripple’s XRP fall through the first major support level at $0.2857 and the second major support level at $0.2766.
Finding late support, however, Ripple’s XRP moved back through the second major support level.
At the time of writing, Ripple’s XRP was flat at $0.28239. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.28049 before rising to a high $0.28289.
Ripple’s XRP left the major support and resistance levels untested early on.