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 $231.15.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $230.67.
Barring an extended crypto rally, the first major resistance level at $231.15 and Saturday’s high should cap any upside.
Failure to avoid a fall through the $228.15 pivot could see Ethereum spend the day in the red.
A fall through to sub-$228 levels would bring the first major support level at $225.98 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$220 levels. The second major support level at $223.15 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $225.98
Major Resistance Level: $231.15
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 0.48% on Saturday. Partially revising a 1.47% decline from Friday, Ripple’s XRP ended the day at $0.18827.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.18921 before sliding into the red.
Coming up short of the first major resistance level at $0.1896, Ripple’s XRP slid to a mid-afternoon intraday low $0.18449.
Ripple’s XRP fell through the first major support level at $0.1857 before finding late support.
A late recovery saw Ripple’s XRP return to $0.189 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.09% to $0.18844. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.18822 before rising to a high $0.18847.
Ripple’s XRP left the major support and resistance levels untested early on.