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For the day ahead
Ethereum should avoid a fall through the $ 235 pivot to support a run at the first major resistance level at $ 237.76.
However, support from the broader market would be needed for Ethereum to break out of the high of $ 236.97 on Saturday.
Barring an extended cryptocurrency rally, the first major resistance level should limit any upside.
Failure to avoid a fall through the $ 235 pivot would bring the first major support level at $ 233.03 into play.
Barring another extended sell off, Ethereum should continue to avoid levels below $ 230. The second major support level at $ 230.27 should limit any downside.
Looking at the technical indicators
First major support level: $ 233.03
Pivot Level: $ 235.00
First major resistance level: $ 237.76
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Ripple’s XRP
Ripple’s XRP was up 2.94% on Saturday. After a 0.03% loss on Friday, Ripple’s XRP ended the day at $ 0.20019.
It was a relatively bearish start to the day. Ripple’s XRP fell to a morning intraday low $ 0.19413 before moving on.
Avoiding the first major support level at $ 0.1913, Ripple’s XRP reached a late afternoon intraday high $ 0.20232.
Ripple’s XRP broke through the first major resistance level at $ 0.1982 and the second major resistance level at $ 0.2018.
A late drop saw Ripple’s XRP return to $ 0.19960 levels before ending the day at $ 0.20.
At the time of writing, Ripple’s XRP was up 0.63% to $ 0.20145. A mixed start to the day saw Ripple’s XRP drop to a morning low of $ 0.19988 before hitting a high of $ 0.20150.
Ripple’s XRP left major support and resistance levels untested at the start.
