EOS, Ethereum and Ripple’s XRP – Daily technical analysis – 04/10/20 – FX Empire

For the day to come

Ethereum is expected to return to $ 170 to support a run at the first major resistance level at $ 173.76.

Support from the broader market would, however, be necessary for Ethereum to break away from Thursday’s $ 173.55 high.

Unless there is a widespread cryptographic rebound, resistance at $ 170 would likely leave Ethereum below the first major resistance level.

If you don’t come back to $ 170, Ethereum will have to struggle throughout the day.

Falling to levels below $ 168 would bring the first major support level to $ 165.53.

However, unless there is an extended sale of crypto, Ethereum should continue to avoid support levels below $ 165.

A look at the technical indicators

Major support level: $ 165.53

Major resistance level: $ 173.76

23.6% FIB retracement level: $ 257

38.2% FIB retracement level: $ 367

62% FIB retracement level: $ 543

Ripple’s XRP

Ripple’s XRP fell 1.83% on Thursday. Partially reversing a 4.77% rally from Wednesday, Ripple’s XRP ended the day at $ 0.19847.

It was a bearish start for the day. Ripple’s XRP went from an intraday high of $ 0.20233 to an intraday low of $ 0.19367 in the middle of the day.

Below the main resistance levels, Ripple’s XRP fell through the first major support level to $ 0.1949.

Finding support early in the afternoon, Ripple’s XRP returned to $ 0.20 before closing the day at $ 0.198.

At the time of writing, Ripple’s XRP was down 0.24% to $ 0.19800. A bearish start to the day saw Ripple’s XRP drop from a high of $ 0.199999 to a low of $ 0.19999.

Ripple’s XRP did not test key support and resistance levels early on.