Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 7th, 2021

Ethereum

Ethereum rose by 2.24% on Friday. Following a 3.84% rally on Thursday, Ethereum ended the day at $2,892.98.

A bearish start to the day saw Ethereum fall to a mid-day intraday low $2,721.00 before making a move.

While steering clear of the first major support level at $2,628, Ethereum fell through the 38.2% FIB of $2,740.

Through the 2nd half of the day, however, Ethereum rallied to a late intraday high $2,949.21.

Ethereum broke back through the 38.2% FIB of $2,740 to test the first major…


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