For the day ahead
Ethereum would need to move through to $206 levels to bring the first major resistance level at $211.29 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $210 levels.
Barring a broad-based crypto rebound, resistance at $210 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $206 levels could see Ethereum fall deeper into the red.
A fall back through the morning low $202.12 would bring the first major support level at $200.45 into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of the second major support level at $195.47.
Looking at the Technical Indicators
Major Support Level: $200.45
Major Resistance Level: $211.29
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 0.55% on Tuesday. Following on from a 0.64% decline on Monday, Ripple’s XRP ended the day at $0.21686.
Tracking the broader market, Ripple’s XRP rose to a mid-morning intraday high $0.22234 before taking a hit.
Falling short of the first major resistance level at $0.2234, Ripple’s XRP fell to a late morning intraday low $0.21298.
Steering clear of the first major support level at $0.2098, Ripple’s XRP recovered to $0.2177 levels before easing back.
At the time of writing, Ripple’s XRP was down by 0.09% to $0.21666. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.21722 to a low $0.21469.
Ripple’s XRP left the major support and resistance levels untested early on.
