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Market News ETH Bulls to Target $1,270 on Bullish US Stats and the NASDAQ Index

ETH Bulls to Target $1,270 on Bullish US Stats and the NASDAQ Index

This morning, ETH and BTC are struggling. US statistics and the NASDAQ Index will have an impact in the afternoon after Tuesday's optimistic session.

Lorna Divakar

2022-12-22

386

On Tuesday, Ethereum (ETH) gained 4.20%. ETH finished the day at $1,217, reversing a loss of 1.27% from the previous day. For the first time in five sessions, the price of ETH was $1,200 at day's conclusion.

ETH dropped to an early low of $1,163 due to the day's rocky start. Amid a rally that avoided the First Major Support Level (S1) around $1,147, Ethereum reached a high of $1,231 in the middle of the afternoon. To close the day at $1,217, ETH broke over the First Major Resistance Level (R1) at $1,192 and the Second Major Resistance Level (R2) at $1,216.

Bitcoin (BTC) increased by 2.90% on Tuesday. BTC finished the day at $16,924, reversing a loss of 1.84% from Wednesday. Notably, BTC returned to $17,000 after a four-session absence.

BTC dropped to a low of $16,413 in the morning after a mixed start to the day. BTC, however, climbed to a high of $17,066 in the middle of the afternoon after avoiding the First Major Support Level (S1) around $16,197. To close the day at $16,924, BTC passed over the First Major Resistance Level (R1) at $16,761.