Ethereum

Ethereum fell by 4.12% on Tuesday. Following a 4.40% slide on Monday, Ethereum ended the day at $2,805.65.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,971.16 before hitting reverse.

Falling short of the first major resistance level at $3,087, Ethereum slid to a final hour intraday low $2,782.60.

Ethereum fell through the first major support level at $2,844 to end the day at $2,805 levels.

At the time of writing, Ethereum was down by 0.22% to $2,799.58. A mixed start to the day saw Ethereum rise to an early morning high $2,828.00 before falling to a low $2,785.06.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $2,853 pivot to bring the first major resistance level at $2,924 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,900 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2,971.16 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,100 before any pullback. The second major resistance level sits at $3,042.

Failure to move through the $2,853 pivot would bring the 38.2% FIB of $2,740 and the first major support level at $2,735 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,700 levels. The second major support level sits at $2,665.

Looking at the Technical Indicators

First Major Support Level: $2,735

Pivot Level: $2,853

First Major Resistance Level: $2,924

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 3.12% on Tuesday. Following a 3.66% decline on Monday, Litecoin ended the day at $140.54.

After a choppy morning, Litecoin rose to an early afternoon intraday high $148.93 before hitting reverse.

Falling short of the first major resistance level at $152, Litecoin fell to a final hour intraday low $140.00.

Litecoin fell through the first major support level at $142 to end the day at $140 levels.

At the time of writing, Litecoin was up by 0.12% to $140.71. A mixed start to the day saw Litecoin rise to an early morning high $141.36 before falling to a low $139.77.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to move through the $143 pivot to bring the first major resistance level at $146 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $145 levels.