Ethereum tumbled down by 0.43% to $624.04 on Saturday. After a mixed start of the day, the crypto surged forward to an early morning high $628.86 before dropping to a low $623.70. It also left the major support and resistance levels untested.
On Friday, Ethereum soared by 2.37%. After rallying by 4.60% on Thursday, the crypto ended the day at $626.75. However, a mixed start of the day caused Ethereum to plunge to an early morning intraday low $604.26 before moving.
The crypto also steered clear of the first major support level at $580.26, but it jumped to a late morning intraday high $633.97. Furthermore, Ethereum managed to break through the first major resistance level at $629.64 before dropping back to $606 levels.
Despite the pullback, Ethereum managed to find late support, and it moved back through to $626 levels, ending the day higher.
How did Ripple’s XRP fare?
Ripple’s XRP also plummeted down by 1.76% to $0.31293 on Saturday. After a mixed start of the day, the crypto surged to an early morning high $0.32099 before tumbling to a low $0.30875. It left the major support and resistance levels untested as well.
Ripple’s XRP also traded in the red on Friday, dropping by 5.94%. It partially reversed a 29.65% gain from Thursday, ending the day at $0.31855. However, the crypto fluctuated during the session. Ripple’s XRP leapt to a late morning high $0.38632 before reversing course.
The crypto fell short of the first major resistance level at $0.3985, though. After that Ripple’s XRP plunged to a late afternoon intraday low $0.27802. Furthermore, it steered clear of the first major support level at $0.2586, and then tumbled through the 23.6% FIB of $0.3386.
Despite that, Ripple’s XRP managed to find late support. The crypto also briefly rebounded to $0.34 levels before dropping back into the deep red.
- Trading Instrument