For the day ahead
Ethereum would need to avoid sub-$237 levels to support a run at the first major resistance level at $239.94.
Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $238.8.
Barring an extended crypto rally, the first major resistance level at $239.94 should cap any upside.
Failure to avoid sub-$237 levels could see Ethereum take a hit on the day.
A fall through the $237 pivot would bring the first major support level at $235.25 into play.
Barring an extended crypto sell-off, however, Ethereum should steer clear of sub-$230 levels. The second major support level at $232.34 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $235.25
Major Resistance Level: $239.94
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 0.30% on Saturday. Following a 2.66% gain on Friday, Ripple’s XRP ended the day at $0.19246.
A bearish start to the day saw Ripple’s XRP fall to a late morning intraday low $0.19087 before making a move.
Steering clear of the first major support level at $0.1883, Ripple’s XRP rallied to an early afternoon intraday high $0.19385.
Coming up short of the first major resistance level at $0.1964, Ripple’s XRP fell back to a low $0.19183 before finding support.
In spite of the late support, Ripple’s XRP was unable to move back through to $0.1930 levels and into the green.
At the time of writing, Ripple’s XRP was down by 0.12% to $0.19222. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.19214 before rising to a high $0.19263.
Ripple’s XRP left the major support and resistance levels untested early on.