Ethereum
Ethereum increased 7.34% in the week ended 21st February. After an 11.65% rise the previous week, Ethereum ended the week at $ 1,935.57.
It was also a mixed start to the week. Ethereum fell to an intra-week low on Monday of $ 1,659.93 before making a move.
Avoiding the first major support level of $ 1,621, Ethereum moved up to an intra-week high on Saturday and a further swing of $ 2,041.42.
Ethereum broke through the first main resistance level at $ 1,932, before a fall on Saturday back to levels below $ 1,900.
Finding support at the end of Saturday and Sunday, however, Ethereum broke through the first major resistance level to end the week at $ 1,935 levels.
5 days in the green included a 3.93% gain on Wednesday and an increase of 4.73% on Thursday contributed to the rise in the week.
For the next week
Ethereum would need to avoid a fall through the $ 1,879 pivot level to support a run at the first main resistance level at $ 2,098.
Broader market support would be needed, however, for Ethereum to move out of last week’s new swing at $ 2,041.42.
Except for another extended crypto rally, the first major resistance level would likely limit any positive side.
In the event of another prolonged break, Ethereum could test the resistance at $ 2,300 before any pullback. The second highest resistance level is at $ 2,260.
Failure to avoid a $ 1,879 pivot drop would bring the first main support level of $ 1,717 into play.
Excluding a week-long settlement, Ethereum is expected to stay well away from levels below $ 1,700, however. The second level of main support is $ 1,497.
At the time of writing, Ethereum had fallen 2.30% to $ 1,891.01. A mixed start to the week saw Ethereum rise to $ 1,938.95 before dropping to $ 1,871.18.
Ethereum left the main support and resistance levels untested earlier in the week.