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 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.