Ethereum

Ethereum slid by 7.45% on Thursday. Reversing a 5.13% gain from Wednesday, Ethereum ended the day at $2,107.01.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,277.44 before hitting reverse.

Falling short of the first major resistance level at $2,347, Ethereum tumbled to an early afternoon intraday low $2,072.06.

Ethereum fell through the first major support level at $2,148 before finding support.

Steering clear of the second major support level at $2,019, Ethereum returned to $2,100 levels to reduce the deficit.

At the time of writing, Ethereum was up by 1.01% to $2,128.37. A mixed start to the day saw Ethereum fall to an early morning low $2,097.64 before rising to a high $2,134.48.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $2,152 pivot to bring the first major resistance level at $2,232 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,200 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $2,277.44 would likely cap any upside.

In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,400. The second major resistance level sits at $2,358.

Failure to move through the $2,152 pivot would bring the first major support level at $2,027 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level sits at $1,947.

Looking at the Technical Indicators

First Major Support Level: $2,027

Pivot Level: $2,152

First Major Resistance Level: $2,232

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 5.03% on Thursday. Following a 0.12% gain on Wednesday, Litecoin ended the day at $137.16.

Bearish from the start to the day, Litecoin fell from an early morning intraday high $144.43 to a late intraday low $134.15.

Litecoin fell through the first major support level at $138 before finding support. A partial recovery to $137 levels limited the damage on the day.

At the time of writing, Litecoin was up by 0.92% to $138.42. A mixed start to the day saw Litecoin fall to an early low $136.45 before rising to a high $139.00.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to move through the $139 pivot to bring the first major resistance level at $143 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.