In This Article:
Ethereum
Ethereum fell by 1.25% on Monday. Partially reversing a 2.44% rally from Sunday, Ethereum ended the day at $182.02.
A relatively choppy morning saw Ethereum rise to an early morning intraday high $190 before hitting reverse.
Coming up against the first major resistance level at $190.11, Ethereum fell back to a late morning low $181.15.
Holding well above the first major support level at $177.77, Ethereum recovered to $185 levels before sliding back to a late afternoon intraday low $181.0.
Continuing to steer clear of the major support levels, Ethereum moved back through to $185 levels before a final hour sell-off that left Ethereum in the red on the day.
The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.
At the time of writing, Ethereum was up by 1.04% to $183.91. A bullish start to the day saw Ethereum rise from an early morning low $181.72 to a high $185.68 before easing back.
Ethereum left the major support and resistance levels untested early on.
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For the day ahead
Ethereum would need to move back through to $184.4 levels to support a run at the first major resistance level at $187.68.
Support from the broader market would be needed, however, for Ethereum to break out from $185 levels.
Barring an extended rally through the day, Ethereum would likely come up short of Monday’s high $190.
Failure to move through to $184.4 levels could see Ethereum spend another day in the red.
A fall back through the morning low $181.72 would bring the first major support level at $178.68 into play.
Barring a crypto meltdown, however, Ethereum should steer clear of sub-$178 support levels on the day.
Looking at the Technical Indicators
Major Support Level: $178.68
Major Resistance Level: $187.68
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Stellar’s Lumen
Stellar’s Lumen fell by 1.16% on Monday. Partially reversing a 3.18% rally from Sunday, Stellar’s Lumen ended the day at $0.06457.
A particularly bullish start to the day saw Stellar’s Lumen strike an early morning intraday high $0.06898.
Stellar’s Lumen broke through the first major resistance level at $0.0666 and the second major resistance level at $0.681.
A pullback through the morning saw Stellar’s Lumen slide back to $0.065 levels before finding support.