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Market News ETH Return to $1,250 Rests in the Hands of US Jobless Claims

ETH Return to $1,250 Rests in the Hands of US Jobless Claims

This morning, BTC and ETH gained support. Investors will, however, continue to be attentive to the NASDAQ Index and US statistics in light of Wednesday's fall.

Cory Russell

2022-12-30

516

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This morning, BTC and ETH gained support. Investors will, however, continue to be attentive to the NASDAQ Index and US statistics in light of Wednesday's fall.

On Wednesday, Ethereum (ETH) fell by 1.82%. ETH dropped by 1.38% on Tuesday and finished the day at $1,189. ETH fell below $1,200 for the first time in nine sessions as a result of the negative day.

ETH rose during the day's optimistic start reaching a high of $1,215 before going back down. ETH declined to a late low of $1,180 after failing to pass the First Major Resistance Level (R1), which is set at $1,230. Before closing the day at $1,189, ETH breached the First Major Support Level (S1) at $1,196 and tested the Second Major Support Level (S2) at $1,181.

0.97% less bitcoin (BTC) was traded on Wednesday. BTC finished the day at $16,558 after losing 1.33% on Tuesday. Notably, BTC fell below $16,500 for the first time in eight sessions while failing to reach $17,000 for the eighth straight session.

After a rocky morning, BTC increased to a high of $16,797 in the middle of the afternoon before going backward. BTC declined to a late low of $16,444 after falling short of the First Major Resistance Level (R1) at $16,932. At $16,562, BTC breached the First Major Support Level (S1) before closing the day at $16,558.