For the day ahead
Ethereum would need to avoid a fall through the $464.73 pivot to support a run at the first major resistance level at $499.79.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $488.95.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $464.73 pivot would bring the first major support level at $440.5 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$410 levels and the second major support level at $405.44.
Looking at the Technical Indicators
First Major Support Level: $440.5
Pivot Level: $464.73
First Major Resistance Level: $499.79
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 4.97% on Tuesday. Reversing a 0.59% decline from Monday, Ripple’s XRP ended the day at $2.9539.
It was a bearish start to the day. Ripple’s XRP slid to an early morning intraday low $0.27464 before making a move.
Ripple’s XRP fell through the first major support level at $0.2780 and the second major support level at $0.2747.
Finding support from the broader market, however, Ripple’s XRP rallied to a late intraday high $0.29946.
Ripple’s XRP broke through the day’s major resistance levels to come up against resistance at $0.30 before easing back.
While easing back, Ripple’s XRP avoided a fall through the third major resistance level at $0.2946.
At the time of writing, Ripple’s XRP was up by 3.01% to $0.30427. A bullish start to the day saw Ripple’s XRP rally from an early morning low $0.29529 to a high $0.30432.
Ripple’s XRP left the major support and resistance levels untested early on.
