For the day ahead
Ethereum would need to avoid a fall through the $233.40 pivot to support a run at the first major resistance level at $237.98
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $236.02.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high should cap any upside.
Failure to avoid a fall through the $233.40 pivot could see Ethereum take another hit on the day.
A fall through to sub-$233 levels would bring the first major support level at $230.74 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of the second major support level at $226.14.
Looking at the Technical Indicators
Major Support Level: $230.74
Major Resistance Level: $237.87
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slipped by 0.08% on Tuesday. Following a trend-bucking 1.11% gain on Monday, Ripple’s XRP ended the day at $0.19247.
A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19103 before finding support.
Steering clear of the first major support level at $0.1853, Ripple’s XRP rallied to an early morning intraday high $0.19409.
Falling short of the first major resistance level at $0.1966, Ripple’s XRP fell back to an afternoon intraday low $0.19007. Once more, Ripple’s XRP steered clear of the major support level at $0.1853.
Finding support from the broader market, however, Ripple’s XRP recovered to $0.1920 levels to end the day relatively flat.
At the time of writing, Ripple’s XRP was down by 0.02% to $0.19243. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.19264 before falling to a low $0.19222.
Ripple’s XRP left the major support and resistance levels untested early on.