Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 12th, 2021

Ethereum

Ethereum tumbled by 13.25% on Monday. Following on from a 2.04% on Sunday, Ethereum ended the day at $1,088.79.

It was a particularly bearish day. Ethereum slid from an early morning intraday high $1,260.24 to a late afternoon intraday low $905.00.

The sell-off saw Ethereum fall through the first major support level at $1,155.13 and the second major support level at $1,055.12.

More significantly, Ethereum also slid through the 23.6% FIB of $1,051.

Finding support late in the day….


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