For the day ahead
Ethereum would need to move through the $229 pivot to support a run at the first major resistance level at $230.12.
Support from the broader market would be needed, however, for Ethereum to break out from $228 levels.
Barring an extended crypto rally, the first major resistance level at $230.12 and Sunday’s high should cap any upside.
Failure to move through the $229 pivot could see Ethereum spend the day in the red.
A fall through to sub-$227 levels would bring the first major support level at $226.67 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$220 levels. The second major support level at $225.53 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $226.67
Major Resistance Level: $230.12
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 1.19% on Sunday. Reversing a 0.48% gain from Saturday, Ripple’s XRP ended the week down by 2.28% to $0.18607.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.18882 before sliding into the red.
Coming up short of the first major resistance level at $0.1902, Ripple’s XRP slid to a late intraday low $0.18614.
Steering clear of the first major support level at $0.1854, briefly recovered to $0.1875 levels before sliding back.
At the time of writing, Ripple’s XRP was down by 0.08% to $0.18592. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18591 before striking a high $0.18609.
Ripple’s XRP left the major support and resistance levels untested early on.