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

24 May EOS, Ethereum and Ripple’s XRP

Posted at 14:40h in Cryptocurrency News by

For the day ahead

Ethereum would need to move back through the major support levels to $211 levels to bring the first major resistance level at $213.77 into play.

Support from the broader market would be needed, however, for Ethereum to break out from the first major support level at $207.25.

Barring a broad-based crypto rebound, resistance at $200 would likely pin Ethereum back on the day.

Failure to move back through to $211 levels could see Ethereum remain in the deep red.

A fall back through the morning low $180.01 would bring sub-$180 levels into play before any recovery.

Barring an extended sell-off, however, Ethereum should avoid a return to the early low $180.01.

Looking at the Technical Indicators

Major Support Level: $207.25

Major Resistance Level: $213.77

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 0.97% on Saturday. Following on from a 0.05% decline on Friday, Ripple’s XRP…

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