For the day ahead
Ethereum would need to move through the $240.60 pivot to support a run at the first major resistance level at $244.22.
Support from the broader market would be needed, however, for Ethereum to break back through to $244 levels.
Barring another extended crypto rally, the first major resistance level and Monday’s high $245.37 should cap any upside.
Failure to move through the $240.60 pivot would bring the first major support level at $235.82 into play.
Barring another extended sell-off, Ethereum should continue to steer clear of sub-$230 levels. The second major support level at $232.19 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $235.82
Pivot Level: $240.59
Major Resistance Level: $244.22
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP fell by 1.31% on Monday. Reversing a 0.18% gain from Sunday, Ripple’s XRP ended the day at $0.19889.
Tracking the broader market, Ripple’s XRP rose to a mid-day intraday high $0.20698 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2047 before sliding to a late intraday low $0.19246.
Ripple’s XRP fell through the first major support level at $0.1983 and the second major support level at $0.1950.
Finding late support, Ripple’s XRP broke back through the major support levels.
At the time of writing, Ripple’s XRP was down by 0.54% to $0.19782. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.19877 to a low $0.19778.
Ripple’s XRP left the major support and resistance levels untested early on.