For the day ahead
Ethereum would need to move through to $138 levels to support a run at the first major resistance level at $143.60.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $138.58.
Barring an extended crypto rally, resistance at $140 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $138 levels could see Ethereum fall deeper into the red.
A fall back through to sub-$131.50 levels would bring the first major support level at $124.80 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$120 support levels.
Looking at the Technical Indicators
Major Support Level: $124.80
Major Resistance Level: $143.60
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rose by 7.77% on Monday. Reversing a 6.47% slide from Sunday, Ripple’s XRP ended the day at $0.15929.
A choppy start to the day saw Ripple’s XRP slide to an early morning intraday low $0.1450 before finding support.
Steering clear of the first major support level at $0.1422, Ripple’s XRP rallied to an early afternoon intraday high $0.16233.
Ripple’s XRP broke through the first major resistance level at $0.1578 before falling back to sub-$0.1540 levels.
Finding support late on, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.1590 levels.
At the time of writing, Ripple’s XRP was down by 0.02% to $0.15926. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.16209 before falling to a low $0.15893.
Ripple’s XRP left the major support and resistance levels untested early on.