Ethereum
Ethereum increased by 7.34% in the week ending 21st February. After rising 11.65% from the previous week, Ethereum closed the week at $ 1,935.57.
It was also a mixed start to the week. Ethereum fell to a low of $ 1,659.93 on Monday before moving.
Ethereum reached its first major support level of $ 1,621, peaking on Saturday within the week and reaching a new high of $ 2,041.42.
Ethereum broke the first major resistance level at $ 1,932 before returning to below $ 1,900 levels late Saturday.
However, with support from late Saturday and until Sunday, Ethereum broke through the first major resistance level to end the week at $ 1,935 levels.
5 days in the green on Wednesday included a gain of 3.93% and a rally of 4.73% on Thursday contributed to the rise in the week.
For the week ahead
Ethereum should avoid a drop through the $ 1,879 pivot level to support a run on the first major resistance level at $ 2098.
However, broader market support is needed to break Ethereum out of last week’s new swing of $ 2,041.42.
Excluding another extensive crypto-rally, the first major resistance level is likely to be upside down.
In the event of another extended outbreak, Ethereum may test resistance at $ 2300 before any withdrawal. The second major resistance level is $ 2,260.
Failure to avoid a drop in the pivot level at $ 1,879 would get the first major support level at $ 1,717 into play.
However, if an extended sale is ruled out this week, Ethereum should stay far away from the $ 1700 levels. The second major support level is $ 1,497.
At the time of writing, Ethereum was down 2.30% to $ 1,891.01. With a mixed start to the week, Ethereum rose $ 1,938.95 to an early Monday before dropping to $ 1,871.18.
Ethereum left the highest levels of support and resistance untested at the beginning of the week.