Ethereum
Ethereum rallied by 8.16% on Friday. Reversing a 1.48% loss from Thursday, Ethereum ended the day at $510.43.
It was another mixed start to the day. Ethereum fell to an early morning intraday low $471.07 before making a move.
Steering clear of the first major support level at $464.40, Ethereum rallied to a late afternoon intraday high $514.73.
Ethereum broke through the major resistance levels before a brief fall back to sub-$505 levels.
The pullback saw Ethereum fall through the third major resistance level at $504.32 before wrapping up the day at $510 levels.
At the time of writing, Ethereum was up by 1.39% to $517.53. A bullish start to the day saw Ethereum rise from an early morning low $510.26 to a high $518.92.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $498.74 to support a run at the first major resistance level at $526.42.
Support from the broader market would be needed, however, for Ethereum to break through to $520 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $530 would likely cap any upside.
In the event of another breakout, Ethereum could test the second major resistance level at $542.4 and the 62% FIB of $543.0.
Failure to avoid a fall through the $498.74 pivot would bring the first major support level at $482.76 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$480 levels. The second major support level sits at $455.08.
Looking at the Technical Indicators
First Major Support Level: $482.76
Pivot Level: $498.74
First Major Resistance Level: $526.42
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 1.25% on Friday. Following on from an 11.09% surge on Thursday, Litecoin ended the day at $82.6.
It was a mixed start to the day. Litecoin fell to a late morning intraday low $80.17 before making a move
Ethereum rallied by 8.16% on Friday. Reversing a 1.48% loss from Thursday, Ethereum ended the day at $510.43.
It was another mixed start to the day. Ethereum fell to […]
