Ethereum rallied by 8.51% on Monday. Reversing a 3.84% slide Sunday, Ethereum ended the day at $1,752.98.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,565.98 before making a move.
Steering clear of the first major support level at $1,507, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,780.00.
Ethereum broke through the first major resistance level at $1,709 to come within range of $1,800 before easing back.
The pullback saw Ethereum briefly fall back through the first major resistance level before wrapping up the day at $1,750 levels.
At the time of writing, Ethereum was up by 0.60% to $1,763.46. A mixed start to the day saw Ethereum fall to an early morning low $1,750.47 before rising to a high $1,764.0.
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 $1,700 to support a run at the first major resistance level at $1,833.
Support from the broader market would be needed, however, for Ethereum to break through to $1,800 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $1,900 before any pullback. The second major resistance level sits at $1,914.
Failure to avoid a fall through the $1,700 pivot would