Ethereum rallied by 6.17% on Tuesday. Reversing a 4.08% loss from Monday, Ethereum ended the day at $4,341.62.
A choppy start to the day saw Ethereum fall to a late morning intraday low $4,062.28 before making a move.
Steering clear of the first major support level at $3,968, Ethereum rallied to a late intraday high $4,389.95.
Ethereum broke through the first major resistance level at $4,267 to wrap up the day at $4,340 levels.
At the time of writing, Ethereum was up by 0.01% to $4,342.22. Ethereum visited lows and highs of $4,340.92 and $4,343.14 at the start of the day.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,265 pivot to bring the first major resistance level at $4,467 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $4,700 levels before any pullback. The second major resistance level sits at $4,592.
A fall through the $4,265 pivot would bring the first major support level at $4,139 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level sits at $3,937.
Looking at the Technical Indicators
First Major Support Level: $4,139
Pivot Level: $4,265
First Major Resistance Level: $4,467
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin rose by 3.44% on Tuesday. Partially reversing a 5.54% slide from Monday, Litecoin ended the day at $216.32.
Tracking the broader market, Litecoin fell to a late morning intraday low $205.49 before making a move.
Steering clear of the first major support level at $202, Litecoin rallied to a late intraday high $218.89.
Coming up against the first major resistance level at $219, Litecoin eased back to end the day at $216 levels.