For the day ahead
Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.
Support from the broader market would be needed, however, for Ethereum to break out form Friday’s high $349.74.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $341.65 pivot would bring the first major support level at $333.56 into play.
Barring an extended sell-off, however, Ethereum should steer well clear of the second major support level at $320.26.
Looking at the Technical Indicators
First Major Support Level: $333.56
Pivot Level: $341.65
First Major Resistance Level: $354.95
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rallied by 6.22% on Friday. Following on from a 0.36% gain on Thursday, Ripple’s XRP ended the month up by 48.21% to $0.25983.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.24201 before finding support.
Steering clear of the first major support level at $0.2359, Ripple’s XRP rallied to a late intraday high $0.26078.
Ripple’s XRP broke through the first major resistance level at $0.2517 and the second major resistance level at $0.2587.
On the day, it was the first visit to $0.26 levels since early February before wrapping up the day at $0.2590 levels.
At the time of writing, Ripple’s XRP was down by 0.28% to $0.25909. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26021 before falling to a low $0.25833.
Ripple’s XRP left the major support and resistance levels untested early on.