• rippleXRP$1.56-2.24%

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 1st, 2021 – Yahoo Finance

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Ethereum

Ethereum rose by 0.64% on Friday. Following a 0.27% gain from Thursday, Ethereum ended the month up by 44.61% to $2,776.45.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,727.00 before making a move.

Steering clear of the first major support level at $2,687, Ethereum rallied to a late morning intraday high $2,800.00.

Falling short of the first major resistance level at $2,815, Ethereum fell back to sub-$2,730 levels before finding support.

Thursday’s new swing hi $2,800.00 pinned Ethereum back on the day.

At the time of writing, Ethereum was up by 0.15% to $2,780.54. A mixed start to the day saw Ethereum fall to an early morning low $2,766.67 before rising to a high $2,781.39.

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 $2,768 to support a run at the first major resistance level at $2,809.

Support from the broader market would be needed, however, for Ethereum to break out from the new swing hi $2,800.

Barring an extended crypto rally, the first major resistance level and Friday’s high $2,800 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,900. The second major resistance level sits at $2,841.

Failure to avoid a fall through the $2,768 pivot would bring the first major support level at $2,736 into play.

Barring
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