Ethereum fell 13.25% on Monday. After 2.04% on Sunday, Ethereum ended the day at $ 1,088.79.
It was a particularly bearish day. Ethereum went from an early morning intraday high of $ 1,260.24 to a late afternoon intraday low of $ 905.00.
The sell off saw Ethereum drop the first major support level to $ 1,155.13 and the second major support level to $ 1,055.12.
More importantly, Ethereum also slipped through the 23.6% FIB from $ 1,051.
Find support at the end of the day. Ethereum came back through the 23.6% FIB and the second major support level.
At the time of writing, Ethereum was down 3.84% to $ 1,046.99. A particularly bearish start to the day saw Ethereum fall from an early morning high of $ 1093.00 to a low of $ 1040.00.
While leaving major support and resistance levels untested, Ethereum fell through the FIB 23.6% from $ 1051 at the start.
For the day ahead
Ethereum is expected to go through the 23.6% FIB and the pivot level at $ 1,085 to support a race in the first major …
- According to the source Ripple’s Ethereum, Litecoin, and XRP – Daily Tech Analysis – January 12, 2021
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