For the day ahead
Ethereum would need to move through to $134 levels to support a run at the first major resistance level at $153.01.
Support from the broader market would be needed, however, for Ethereum to break back through to $150 levels.
Barring a broad-based rebound, resistance at $140 would likely leave Ethereum short of the first major resistance level.
Failure to move through to $134 levels could see Ethereum struggle throughout the day.
A fall back through to sub-$125 levels would bring the first major support level at $114.52 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of sub-$100 support levels.
Looking at the Technical Indicators
Major Support Level: $114.52
Major Resistance Level: $153.01
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP slid by 4.89% on Friday. Partially reversing an 11.40% rally from Thursday, Ripple’s XRP ended the day at $0.15685.
A bullish start to the day saw Ripple’s XRP rally to a late morning intraday high $0.1753 before succumbing market forces.
Falling short of the first major support level at $0.1773, Ripple’s XRP slid to a late morning intraday low $0.14466.
Finding support at the first major support level at $0.14488, Ripple’s XRP recovered to $0.15 levels to limit the loss on the day.
At the time of writing, Ripple’s XRP was down by 0.84% to $0.15553. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.16172 before falling to a low $0.15397.
Ripple’s XRP left the major support and resistance levels untested early on.
