For the day ahead
Ethereum would need to move through to $211.70 levels to bring the first major resistance level at $218.05 into play.
Support from the broader market would be needed, however, for Ethereum to break out from the first major support level.
Barring a broad-based crypto rebound, resistance at $210 would likely leave Ethereum in the red on the day.
Failure to move through to $211.70 levels could see Ethereum struggle throughout the day.
A fall back through the second major support level at $197.47 would bring sub-$195 levels into play before any recovery.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$190 support levels on the day.
Looking at the Technical Indicators
Major Support Level: $203.85
Major Resistance Level: $218.05
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 2.00% on Sunday. Partially reversing a 2.80% gain from Saturday, Ripple’s XRP ended the week up by 11.69% to $0.21926.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.22684 before hitting reverse.
Falling short of the first major resistance level at $0.2279, Ripple’s XRP slid to a mid-afternoon intraday low $0.21550.
Ripple’s XRP fell through the first major support level at $0.2177 before briefly recovering to $0.2210 levels.
At the time of writing, Ripple’s XRP was down by 3.24% to $0.21216. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.22090 to a low $0.20865.
Ripple’s XRP fell through the first major support level at $0.2142 and the second major support level at $0.2092.
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