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Ethereum, Litecoin, and Ripple’s XRP — November 29th, 2021 — Daily Tech Analysis
Ethereum
On Sunday, Ethereum gained 4.88 percent. Following a 1.35 percent rise on Saturday, Ethereum gained 0.83 percent for the week to $4,298.
Following a volatile morning, Ethereum slipped through the first key support barrier at $4,024 to a late afternoon intraday high of $3,950.
Ethereum soared to a late intraday high of $4,303.35 after finding support around the second major support level of $3,950.
Ethereum broke past the first major barrier level of $4,180 and the second major resistance level of $4,261 to close the day at $4,290.
Ethereum was up 1.21 percent to $4,350.27 at the time of writing. Ethereum had a rocky start to the day, falling to an early morning low of $4,286.05 before rebounding to a high of $4,358.25.
For the day ahead
To reach the first big resistance level at $4,418, Ethereum would need to dodge the $4,184 pivot.
However, support from the broader market would be required for Ethereum to re-enter the $4,400 range.
Unless there is a prolonged crypto rally, the first significant resistance level would most certainly cap the gains.
