{"id":1337,"date":"2021-12-10T12:47:56","date_gmt":"2021-12-10T12:47:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=1337"},"modified":"2021-12-10T12:47:56","modified_gmt":"2021-12-10T12:47:56","slug":"ethereum-eth-litecoin-ltc-and-ripples-xrp-u-s-inflation-to-test-investor-resilience","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=1337","title":{"rendered":"Ethereum (ETH), Litecoin (LTC), and Ripple\u2019s XRP \u2013 U.S Inflation to Test Investor Resilience"},"content":{"rendered":"


\n<\/p>\n

\n

This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple\u2019s XRP. We will be looking at previous day price action and today\u2019s support, resistance, and pivot levels and, when in play, the Fibonacci\u2019s.<\/p>\n

Ethereum (ETH)<\/h2>\n

Ethereum<\/a> (ETH) slid by 7.54% on Thursday. Reversing a 3.02% gain from Wednesday, Ethereum ended the day at $4,106.<\/p>\n

A mixed start to the day saw Ethereum rise to an early morning intraday high $4,491 before hitting reverse. Falling short of the first major resistance level at $4,522, Ethereum slid to a late intraday low $4,076. The extended sell-off saw Ethereum fall through the first major support level at $4,293 and the second major support level at $4,145.<\/p>\n

Steering clear of sub-$4,000 however, Ethereum briefly broke through the second major support level before ending the day at sub-$4,110 levels.<\/p>\n

At the time of writing, Ethereum was up by 0.96% to $4,145. A mixed start to the day saw Ethereum fall to an early morning low $4,102 before rising to a high $4,146.<\/p>\n

Ethereum left the major support and resistance levels untested early on.<\/p>\n

\n
\n
\n
\"\"\"\"<\/div>\n<\/div>\n<\/div>\n<\/figure>\n

For the day ahead<\/h3>\n

Ethereum would need to move through the $4,224 pivot to bring the first major resistance level at $4,373 into play. Support from the broader market would be needed, however, for Ethereum to break out from $4,350 levels. Barring an extended rally, the first major resistance level and resistance at $4,400 should limit the upside.<\/p>\n

In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,700 levels before any pullback. The second major resistance level sits at $4,639.<\/p>\n

Failure to move through the $4,224 pivot would bring the first major support level at $3,958 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,850 levels. The second major support level sits at $3,810.<\/p>\n

Looking at the Technical Indicators<\/h3>\n

First Major Support Level: $3,958<\/p>\n

Pivot Level: $4,224<\/p>\n

First Major Resistance Level: $4,373<\/p>\n