For the day ahead
Ethereum would need to avoid a fall through the $427.74 pivot to support a run at the first major resistance level at $442.96.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $437.00.
Barring an extended crypto rally, the first major resistance level should continue to cap any upside.
A fall through the $427.74 pivot would bring the first major support level at $418.47 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$400 levels. The second major support level at $403.25 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $418.47
Pivot Level: $427.74
First Major Resistance Level: $442.96
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 1.93% on Sunday. Reversing a 0.55% loss from Saturday, Ripple’s XRP ended the week up by 5.71% to $0.30467.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.3048 before hitting reverse.
Falling short of the first major resistance level at $0.3061, Ripple’s XRP fell to a mid-day intraday low $0.2920
Steering clear of the first major support level at $0.2912, Ripple’s XRP recovered to $0.30 levels to end the day in the green.
At the time of writing, Ripple’s XRP was down by 1.21% to $0.30099. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.30598 before sliding to a low $0.30099.
Ripple’s XRP left the major support and resistance levels untested early on.