Coming within range of the first major resistance level at ,976, Ethereum eased back to end the day at sub-,960 levels.Support from the broader market would be needed, however, for Ethereum to break out from Friday’s new swing hi ,974.98.Barring an extended crypto rally, the first major resistance level resistance at ,000 would likely cap any upside.In the event of an extended crypto rally, Ethereum could test resistance at ,100 before any pullback. The second major resistance level sits at ,026.Ethereum rose by 0.93% on Friday. Following on from a 4.74% rally on Thursday, Ethereum ended the day at ,957.68.Steering well clear of the first major support level at ,877, Ethereum rallied to a late intraday high and a new swing hi ,974.98.
For the day ahead
At the time of writing, Ethereum was down by 0.52% to ,947.53. A mixed start to the day saw Ethereum rise to an early morning high ,962.31 before falling to a low ,943.65.Ethereum left the major support and resistance levels untested early on.Ethereum would need to avoid a fall through the pivot level at ,941 to support a run at the first major resistance level at ,992.A mixed start to the day saw Ethereum fall to an early morning intraday low ,890.00 before making a move.
Failure to avoid a fall through the $1,941 pivot would bring the first major support level at $1,907 into