For the day ahead
Ethereum would need to move through to $140 levels to support a run at the first major resistance level at $144.43.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $142.00.
Barring a broad-based crypto rebound, resistance at $140 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $140 levels could see Ethereum fall back into the red.
A fall back through to sub-$138.70 levels would bring the first major support level at $133.31 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$130 support levels.
Looking at the Technical Indicators
Major Support Level: $133.31
Major Resistance Level: $144.43
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rose by 2.29% on Tuesday. Following on from a 7.77% rally from Monday, Ripple’s XRP ended the day at $0.16290.
A choppy start to the day saw Ripple’s XRP slide to an early morning intraday low $0.15742 before finding support.
Steering clear of the first major support level at $0.1488, Ripple’s XRP rallied to a late morning intraday high $0.16400.
Falling short of the first major resistance level at $0.1661, Ripple’s XRP slid back to sub-$0.1590 levels.
Finding support late on, however, Ripple’s XRP broke back through to $0.16 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.60% to $0.16193. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.16075 before striking a high $0.16399.
Ripple’s XRP left the major support and resistance levels untested early on.