For the day ahead
Ethereum would need to move back through the morning high $290.00 to bring the first major resistance level at $296.12 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $287.98 again.
Barring an extended crypto rally, resistance at $290.00 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $290 levels could see Ethereum slide deeper into the red.
A fall back through to sub-$278 levels would bring the first major support level at $268.27 into play.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$270 levels.
Looking at the Technical Indicators
Major Support Level: $268.27
Major Resistance Level: $296.12
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 2.84% on Friday. Following on from a 7.4% rally on Thursday, Ripple’s XRP ended the day at $0.33589.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.33231 before falling to a mid-morning intraday low $0.31060.
Steering clear of the first major support level at $0.30490, Ripple’s XRP rallied to a late afternoon intraday high $0.33890.
Falling short of the first major resistance level at $0.3443, Ripple’s XRP eased back to $0.3320 levels before a late move back through to $0.3350 levels.
At the time of writing, Ripple’s XRP was up by 0.25% to $0.33674. A choppy start to the day saw Ripple’s XRP rise to an early morning high $0.34639 before sliding to a low $0.33135.
Ripple’s XRP came up against the first major resistance level at $0.3463 before sliding back to sub-$0.34 levels.
