RATE Group | EOS, Ethereum and Ripple’s XRP
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EOS, Ethereum and Ripple’s XRP

01 Jun EOS, Ethereum and Ripple’s XRP

Posted at 06:01h in Cryptocurrency News by

For the day ahead

Ethereum would need to move back through to $236 levels to bring the first major resistance level at $241.05 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the morning high $233.68.

Barring another broad-based crypto rally, the first major resistance level and Sunday’s high $245.46 would likely cap any upside.

Failure to move back through to $236 levels could see Ethereum hit reverse.

A fall through Sunday’s low $230.84 would bring the first major support level at $226.43 into play.

Barring another extended crypto sell-off, however, Ethereum should steer clear sub-$220 levels on the day.

Looking at the Technical Indicators

Major Support Level: $226.43

Major Resistance Level: $241.05

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 2.22% on Sunday. Partially reversing a 4.83% rally from Saturday, Ripple’s XRP ended the…

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