For the day ahead
Ethereum would need to move back through to $170 levels to support a run at the first major resistance level at $176.58.
Support from the broader market would be needed for Ethereum to break through the morning high $172.18.
Barring a broad-based crypto rebound, however, the first major resistance level at $176.58 would likely cap any upside.
Failure to move back through to $170 levels could see Ethereum fall deeper into the red.
A fall back through to sub-$160 levels would bring the first major support level at $149.20 into play.
Barring a crypto sell-off, however, Ethereum should steer clear of sub-$150 levels.
Looking at the Technical Indicators
Major Support Level: $149.20
Major Resistance Level: $176.58
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP rallied by 10.68 % on Tuesday. Reversing a 1.84% decline from Monday, Ripple’s XRP ended the day at $0.23375.
Tracking the broader market, Ripple’s XRP rallied from an early morning intraday low $0.21113 to a late intraday high $0.24447.
Ripple’s XRP broke through the day’s major resistance levels to visit $0.24 levels for the first time since 22nd November.
In spite of a late pullback to $0.23 levels, Ripple’s XRP held above the third major resistance level at $0.2238.
At the time of writing, Ripple’s XRP was down by 0.16% to $0.23337. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.23000 before striking a high $0.24233.
Ripple’s XRP left the major support and resistance levels untested early on.