ETH Bulls to Target $1,230 or Face Sub-$1,200 on SBF News Updates

On Wednesday, Ethereum (ETH) decreased by 0.25%. The day's closing price for ETH was $1,214, somewhat erasing a Tuesday's gain of 4.20%. For the second time in six sessions, ETH finished the day trading at $1,200.

While trading inside a narrow range the whole day, ETH dropped to a mid-morning low of $1,203 and then climbed to a mid-afternoon high of $1,223. ETH finished the day at $1,214 while staying clear of the Major Support and Resistance Levels.

Bitcoin (BTC) decreased by 0.47% on Wednesday. BTC finished the day at $16,845, somewhat retracing a Tuesday rise of 2.90%. It is noteworthy that BTC missed $17,000 for the fourth time in five sessions.

BTC increased to a low of $16,934 in the morning after a mixed start to the day. BTC, however, failed to surpass the First Major Resistance Level (R1) at $17,189 and dropped to a low of $16,750 in the early afternoon. In order to close the session's loss, BTC found late support while avoiding the First Major Support Level (S1) at $16,536.