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

Lorna Divakar

Dec 22, 2022 16:01


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.


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