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For the day ahead
Ethereum should break above the pivot of $ 433.17 to support a run at the first major resistance level at $ 445.83.
However, broader market support would be required for Ethereum to break through $ 440 levels.
Barring an extended cryptocurrency rally, the first major resistance level should continue to limit any rally.
Failure to break out of the pivot of $ 433.17 would bring the first major support level at $ 418.83 into play.
Barring an extended sell-off, however, Ethereum should avoid the levels below $ 410. The second major support level is found at $ 406.17.
Looking at the technical indicators
First major support level: $ 418.83
Pivot Level: $ 433.17
First major resistance level: $ 445.83
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 3.51% on Monday. After a 1.93% gain on Sunday, Ripple’s XRP ended the day at $ 0.3155.
A bearish start to the day saw Ripple’s XRP slide to a morning intraday low $ 0.29734 before making a move.
Avoiding the first major support level at $ 0.2962, Ripple’s XRP climbed to a late afternoon intraday high $ 0.32757.
Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB at $ 0.3134. A late pullback saw Ripple’s XRP slide through the third major resistance level at $ 0.3261 to end the day below $ 0.32 levels.
At the time of writing, Ripple’s XRP was up 0.78% to $ 0.31796. A mixed start to the day saw Ripple’s XRP drop to a morning low $ 0.31507 before climbing to a high $ 0.313817.
Ripple’s XRP left the major support and resistance levels untested early on.
