Ethereum fell by 2.03% on Friday. Following a 2.59% decline on Thursday, Ethereum ended the day at $3,971.55.
A bullish start to the day saw Ethereum rise to an early morning intraday high $4,169.72 before hitting reverse.
Falling short of the first major resistance level at $4,282, Ethereum fell to a late afternoon intraday low $3,885.25.
Ethereum fell through the first major support level at $3,920 before a partial recovery to end the day at $3,970 levels.
At the time of writing, Ethereum was down by 0.28% to $3,960.49. A mixed start to the day saw Ethereum rise to an early morning high $3,978.52 before falling to a low $3,953.71.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $4,009 pivot to bring the first major resistance level at $4,132 play.
Support from the broader market would be needed, however, for Ethereum to break through to $4,100 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $4,169.72 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at May’s all-time high $4,383.4. The second major resistance level sits at $4,293.
Failure to move through the $4,009 pivot would bring the first major support level at $3,848 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,800 levels. The second major support level sits at $3,724.
Looking at the Technical Indicators
First Major Support Level: $3,848
Pivot Level: $4,009
First Major Resistance Level: $4,132
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin fell by 2.97% on Friday. Following a 5.07% slide on Thursday, Litecoin ended the day at $190.98.
A bullish start to the day saw Litecoin rise to an early morning intraday high $201.47 before hitting reverse.
Falling short of the first major resistance level at $209, Litecoin slid to a late intraday low $187.97.