This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.
Ethereum (ETH) fell by 2.05% on Friday. Following a 1.59% decline on Thursday, Ethereum ended the day at $3,876.
A mixed morning saw Ethereum rise to an early morning intraday high $3,995 before hitting reverse. Falling short of the first major resistance level at $4,065, Ethereum slid to an early afternoon intraday low $3,699.
The extended sell-off saw Ethereum fall through the first major support level at $3,901 and the second major support level at $3,845. Significantly, Ethereum also briefly fell through the 23.6% FIB of $3,738.
Finding support at the third major support level at $3,682, however, Ethereum revisited $3,900 levels before easing back. The first major support level at $3,901 pegged Ethereum back late in the day.
At the time of writing, Ethereum was down by 0.35% to $3,862. A mixed start to the day saw Ethereum rise to an early morning high $3,888 before falling to a low $3,862.
Ethereum left the major support and resistance levels untested early on.