For the day ahead
Ethereum would need to avoid a fall through the $226.30 pivot to support a run at the first major resistance level at $231.53.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $229.98.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $226.30 pivot could see Ethereum return to the red.
A fall back through to sub-$225 levels would bring the first major support level at $222.53 into play.
Barring another extended sell-off, Ethereum should steer clear of sub-$215 levels. The second major support level at $217.26 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $222.53
Major Resistance Level: $231.53
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 0.16% on Monday. Following a 1.07% gain on Sunday, Ripple’s XRP ended the day at $0.17733.
Tracking the broader market, Ripple’s XRP rose to an early morning high $0.17815 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP slid to a late morning intraday low $0.17519 before finding support.
Steering clear of the first major support level at $0.1734, Ripple’s XRP rallied to a late intraday high $0.17958.
Ripple’s XRP came within range of the first major resistance level at $0.1803 before easing back to sub-$0.1780 levels.
At the time of writing, Ripple’s XRP was up by 0.05% to $0.17742. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.17759 before falling to a low $0.17734.
Ripple’s XRP left the major support and resistance levels untested early on.