Ethereum fell by 0.37% on Sunday. Following a 0.50% decline on Saturday, Ethereum ended the week up by 0.22% to $4,627.03.
A bullish start to the day saw Ethereum rise to an early morning intraday high $4,695.07 before hitting reverse.
Coming within range of the first major resistance level at $4,706, Ethereum slid to a late afternoon intraday low $4,516.05.
Ethereum fell through the first major support level at $4,585 and the second major support level at $4,525.
Finding late support, however, Ethereum broke back through the major support levels to end the day at $4,600 levels.
At the time of writing, Ethereum was up by 0.72% to $4,660.56. A bullish start to the day saw Ethereum rise from an early morning low $4,626,61 to a high $4,665.00.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to avoid a fall through the $4,613 pivot to bring the first major resistance level at $4,709 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $4,695.07.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at the ATH $4,867.81 before any pullback. The second major resistance level sits at $4,792.
A fall through the $4,613 pivot would bring the first major support level at $4,530 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,400 levels. The second major support level at $4,434 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,530
Pivot Level: $4,613
First Major Resistance Level: $4,709
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin rallied by 8.38% on Sunday. Following a 2.59% gain from Saturday, Litecoin ended the week up by 38.14% to $279.36.