For the day ahead
Ethereum would need to avoid a fall through the $272.79 pivot to support a run at the first major resistance level at $285.49.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $282.60.
Barring an extended crypto rally, the first major resistance level should cap any upside.
Failure to avoid a fall through the $272.79 pivot would bring the first major support level at $262.99 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $257.
Looking at the Technical Indicators
First Major Support Level: $262.99
Pivot Level: $272.79
First Major Resistance Level: $285.49
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 2.30% on Thursday. Following on from a 2.06% gain on Wednesday, Ripple’s XRP ended the day at $2.0881.
It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.20591 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP fell to a mid-morning intraday low $0.20208 before making a move.
Steering clear of the first major support level at $0.1987, Ripple’s XRP struck a late afternoon intraday high $0.21096.
Ripple’s XRP broke through the first major resistance level at $0.2073 and the second major resistance level at $0.2105.
A late pullback saw Ripple’s XRP fall back through the major resistance levels before returning to $0.208 levels.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.20837. A mixed start to the day saw Ripple’s XRP fall rise to an early morning high $0.20882 before falling to a low $0.20837
Ripple’s XRP left the major support and resistance levels untested early on.