For the day ahead
Ethereum would need to avoid a fall through the $393.81 pivot to support a run at the first major resistance level at $402.18.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $400.21 should cap any upside.
A fall through the $393.81 pivot would bring the first major support level at $387.41 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$380 and the second major support level at $379.04.
Looking at the Technical Indicators
First Major Support Level: $387.41
Pivot Level: $393.81
First Major Resistance Level: $402.18
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 2.28% on Monday. Partially reversing a 2.56% fall from Sunday, Ripple’s XRP ended the day at $0.29478.
Tracking the broader market, Ripple’s XRP rallied to a mid-morning intraday high $0.30053 before hitting reverse.
Breaking through the first major resistance level at $0.2969, Ripple’s XRP came up against the second major resistance level at $0.3059.
The reversal saw Ripple’s XRP slide to a late morning intraday low $0.28400.
Steering clear of the first major support level at $0.2804, Ripple’s XRP bounced back to $0.29 levels.
The first major resistance level at $0.2969 capped the upside late on.
At the time of writing, Ripple’s XRP was up by 0.07% to $0.29499. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.29578 before falling to a low $0.29444.
Ripple’s XRP left the major support and resistance levels untested early on.