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Ethereum, Litecoin, and Ripple’s XRP — November 27th, 2021 — Daily Tech Analysis
Ethereum
On Friday, Ethereum fell 10.68 percent. Ethereum finished the day at $4,044, reversing a 5.97 percent gain from Thursday.
A mixed start to the day saw Ethereum soar to an intraday high of $4,556 in the early morning before reversing.
Ethereum fell to a mid-day intraday low of $3,915, falling short of the first significant resistance mark at $4,637.
Ethereum fell through the first major support level at $4,332 and the second major support level at $4,139 during the sell-off.
However, after avoiding the third key support level at $3,833, Ethereum returned to $4,130 levels before relaxing back. Late in the day, Ethereum hit the second significant support level.
For the day ahead
To reach the first big resistance level at $4,428, Ethereum would need to break past the $4,171 pivot.
However, support from the broader market would be required for Ethereum to break out of the $4,200 range.
A broad-based crypto rally would trigger the first significant barrier level.
In the case of a broad-based crypto rise, Ethereum may test resistance near $4,700 levels before…
