Ethereum fell by 1.31% on Monday. Following on from a 0.77% decline on Sunday, Ethereum ended the day at $1,780.59.
A mixed start to the day saw Ethereum rise to an early morning high $1,814.74 before hitting reverse.
Coming up short of the first major resistance level at $1,843, Ethereum tumbled to an early morning intraday low $1,659.93.
The sell-off saw Ethereum fall through the major support levels before finding support.
Steering clear of the 23.6% FIB of $1,454, Ethereum broke back through the major support levels to strike a late intraday high $1,836.00.
Continuing to fall short of the major resistance levels, however, Ethereum slid back to end the day at sub-$1,800 levels.
At the time of writing, Ethereum was down by 0.37% to $1,773.02. A mixed start to the day saw Ethereum rise to an early morning high $1,783.80 before falling to a low $1,768.92.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $1,759 to support a run at the first major resistance level at $1,857.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $1,836.00.
Barring an extended crypto rally, the first major resistance level and resistance at Saturday’s swing hi $1,877.88 would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $1,900