Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 12th, 2021 

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ritcha
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Joined: 1/14/2020
Topic  Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 12th, 2021       Flag »  Reply »
Ethereum fell by 4.71% on Friday. Following on from a 5.35% decline on Thursday, Ethereum ended the day at $2,355.27.A mixed start to the day saw Ethereum rise to an early morning intraday high $2,499.34 before hitting reverse.
Falling short of the first major resistance level at $2,588, Ethereum slid to a late intraday low $2,322.16.
The reversal saw Ethereum fall through the first major support level at $2,392 before steadying to end the day at $2,350 levels.
At the time of writing, Ethereum was down by 0.32% to $2,347.83. A mixed start to the day saw Ethereum rise to an early morning high $2,359.53 before falling to a low $2,338.12.

Ethereum left the major support and resistance levels untested early on.

For the day ahead
Ethereum would need to move through the $2,392 pivot to bring the first major resistance level at $2,462 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $2,450 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $2,499.34 would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $2,600 before any pullback. The second major resistance level sits at $2,569.
Failure to move through the $2,392 pivot would bring the first major support level at $2,285 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $2,215.

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