For the day ahead

Ethereum would need to move through the $373.63 pivot to support a run at the first major resistance level at $382.37.

Support from the broader market would be needed, however, for Ethereum to break back through to $380 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $373.63 pivot would bring the 38.2% FIB and the first major support level at $361.95 into play.

Barring another extended sell-off, however, Ethereum should steer clear the second major support level at $353.21.

Looking at the Technical Indicators

First Major Support Level: $361.95

Pivot Level: $373.63

First Major Resistance Level: $382.37

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP fell by 1.79% on Sunday. Reversing a 0.17% gain from Saturday, Ripple’s XRP ended the week up by 1.83% to $0.2465.

It was also a bearish end to the week. Ripple’s XRP slid from an early morning intraday high $0.25127 to a late afternoon intraday low $0.24252.

Ripple’s XRP fell through the first major support level at $0.2475 and the second major support level at $0.2439.

Steering clear of sub-$0.24 levels, Ripple’s XRP briefly revisited $0.2470 levels before easing back.

While breaking back through the second major support level, the first major support level pinned Ripple’s XRP late in the day.

At the time of writing, Ripple’s XRP was down by 0.46% to $0.24536. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24659 to a low $0.24441.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2020-09-20 17:26:22
Image credit: source

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