Ethereum

Ethereum fell by 1.01% on Tuesday. Following on from a 1.31% decline from Monday, Ethereum ended the day at $147.33.

A mixed start to the day saw Ethereum rise to an early morning intraday high $150 before hitting reverse.

Falling short of the first major resistance level at $151.47, Ethereum fell to a late morning intraday low $145.67.

Ethereum fell through the first major support level at $146.64 before finding support. Breaking back through the first major support level, Ethereum struck an afternoon high $149.17 before falling back into the red.

In spite of the late pullback, Ethereum steered clear of the major support levels late in the day.

The extended bearish trend, formed at late April 2018’s swing hi $828.97, remained firmly intact. A reversal from June’s current year high $364.49 back through the 23.6% FIB of $257 reaffirmed the extended bearish trend.

At the time of writing, Ethereum was down by 1.55% to $145.04. A bearish start to the day saw Ethereum fall from an early morning high $147.35 to a low $143.17.

Ethereum fell through the first major support level at $145.33 and the second major support level at $143.34.

For the day ahead

Ethereum would need to break back through the first major support level at $145.33 to support a rebound.

A move through the morning high to $147.70 levels would bring the first major resistance level at $149.66 into play.

Barring a broad-based crypto rebound, however, Ethereum would likely come up short of $149 levels on the day.

Failure to move through to $147 levels could see Ethereum slide back through to $143 levels before any recovery.

Barring an extended sell-off through the day, however, the second major support level at $143.34 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $145.33

Major Resistance Level: $149.66

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Stellar’s Lumen

Stellar’s Lumen rose by 0.67% on Tuesday. Partially reversing a 2.64% slide from Monday, Stellar’s Lumen ended the day at $0.056414.

A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.056313 before sliding to a mid-morning intraday low $0.055389.

Falling short of the major resistance levels, Stellar’s Lumen fell through the first major support level at $0.0556.

Finding support in the late morning, Stellar’s Lumen moved through to a mid-afternoon intraday high $0.056643.

Stellar’s Lumen failed to break through to $0.05670 levels, however, leaving the major resistance levels untested on the day.