For the day ahead
Ethereum would need to avoid a fall through the $228.30 pivot to support a run at the first major resistance level at $232.09.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $231.04.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $228.30 pivot would bring the first major support level at $225.55 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$215 levels. The second major support level at $221.75 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $225.55
Major Resistance Level: $232.09
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 1.09% on Saturday. Following on from a 1.02% gain on Friday, Ripple’s XRP ended the day at $0.17834.
A bullish start to the day saw Ripple’s XRP rally from an intraday low $0.1761 to an early morning high $0.1790.
Ripple’s XRP came up against the first major resistance level at $0.1789 before falling back to sub-$0.1770 levels.
Late in the day, Ripple’s XRP bounced back to an intraday high $0.17970 before falling back to sub-$0.1780 levels.
Late support saw Ripple’s XRP break back through the first major resistance level at $0.1775.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.17833. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.17809 before rising to a high $0.17880.
Ripple’s XRP left the major support and resistance levels untested early on.