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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 20th, 2021

Ethereum

Ethereum fell by 3.14% on Sunday. Reversing a 1.07% gain from Saturday, Ethereum ended the week down by 2.21% to $3,328.59.

A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,457.22 before hitting reverse.

Falling short of the first major resistance level at $3,530, Ethereum slid to a late intraday low $3,278.00.

Ethereum fell through the 23.6% FIB of $3,369 and the first major support level at $3,356.

Finding support at the second major support level at $3,276, Ethereum ended the day at $3,300 levels.

At the time of writing, Ethereum was down by 1.33% to $3,284.31. A mixed start to the day saw Ethereum rise to an early morning high $3,346.58 before falling to a low $3,283.01.

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

Ethereum would need to move through the $3,355 pivot and the 23.6% FIB to bring the first major resistance level at $3,431 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,400 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3,457.22 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,600 before any pullback. The second major resistance level sits at $3,534.

Failure to move through the $3,355 pivot would bring the first major support level at $3,252 into play.Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,100 levels. The second major support level at $3,175 should limit the downside. Looking at the Technical Indicators First Major Support Level: $3,252Pivot Level: $3,355First Major Resistance Level: $3,43123.6% FIB Retracement Level: $3,36938.2% FIB Retracement Level: $2,74062% FIB Retracement Level: $1,725 Litecoin Litecoin slid by 3.08% on Sunday. Reversing a 0.77% gain from Saturday, Litecoin ended the week down by 3.94% to $175.76.A mixed start to the day saw Litecoin rise to an early morning intraday high $181.72 before hitting reverse.

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