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

31 May EOS, Ethereum and Ripple’s XRP

Posted at 10:52h in Cryptocurrency News by

For the day ahead

Ethereum would need to avoid sub-$236.50 levels to bring the first major resistance level at $254.69 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Saturday’s high $247.36.

Barring another broad-based crypto rally, resistance at $250 would likely leave Ethereum short of the first major resistance level.

Failure to avoid sub-$236.50 levels could see Ethereum hit reverse.

A fall through the morning low $241.75 to sub-$236.50 would bring the first major support level at $225.66 into play.

Barring an extended crypto sell-off, however, Ethereum should steer clear sub-$230 levels on the day.

Looking at the Technical Indicators

Major Support Level: $225.66

Major Resistance Level: $254.69

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP rallied by 4.83% on Saturday. Reversing a 1.57% fall from Friday, Ripple’s XRP ended the day at…

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