Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP – Indicators Suggest a Bearish Day ahead…
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 4.99% on Friday. Following a 7.54% slide on Thursday, Ethereum ended the day at $3,901.
After a mixed start to the day, Ethereum rose to an early afternoon intraday high $4,232 before hitting reverse. Falling short of the first major resistance level at $4,373, Ethereum slid to a late intraday low $3,891.
The extended sell-off saw Ethereum fall through the first major support level at $3,958 to end the day at sub-$3,910 levels.
At the time of writing, Ethereum was down by 0.07% to $3,898. A mixed start to the day saw Ethereum rise to an early morning high $3,920 before falling to a low $3,868.
Ethereum left the major support and resistance levels untested early on.