Ethereum rose by 3.01% on Friday. Following a 9.25% breakout on Thursday, Ethereum ended the day at $4,421.23.
A mixed start saw Ethereum fall to an early morning intraday low $4,266.91 before making a move.
Steering clear of the first major support level at $4,026, Ethereum rallied to a late afternoon intraday high and a new ATH $4,461.96.
Ethereum broke through the first major resistance level at $4,425 before easing back to end the day at $4,421 levels.
At the time of writing, Ethereum was down by 0.25% to $4,410.38. A mixed start to the day saw Ethereum rise to an early morning high $4,435.00 before falling to a low $4,408.58.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,383 pivot to bring the first major resistance level at $4,500 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s ATH $4,461.96.
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 $4,650 levels before any pullback. The second major resistance level sits at $4,578.
A fall through the $4,383 pivot would bring the first major support level at $4,305 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,100 levels. The second major support level at $4,188 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,305
Pivot Level: $4,383
First Major Resistance Level: $4,500
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 3.55% on Friday. Following a 5.92% rally on Thursday. Partially, Litecoin ended the day at $196.69.
A bearish start to the day saw Litecoin fall to an early morning intraday low $188.32 before making a move.
Steering clear of the first major support level at $180, Litecoin rallied to a late intraday high $198.73.
This Daily Tech Analysis was originally published on Yahoo Finance by Bob Mason
