Ethereum rallied by 7.57% on Tuesday. Reversing a 0.58% loss from Monday, Ethereum ended the day at $2,299.92.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,135.9 before making a move.
Steering clear of the first major support level at $2,094.02, Ethereum surged to a late intraday high and a new swing hi $2,317.3.
Ethereum broke through the first major resistance level at $2,191 and the second major resistance level at $2,243 before easing back.
Coming within range of the third major resistance level at $2,340, Ethereum eased back to end the day at sub-$2,300 levels.
At the time of writing, Ethereum was down by 0.30% to $2,293.00. A mixed start to the day saw Ethereum rise to an early morning high $2,310.87 before falling to a low $2,291.24.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $2,251 to support a run at the first major resistance level at $2,366.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s new swing hi $2,317.3.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $2,500 before any pullback. The second major resistance level sits at $2,432.
Failure to avoid a fall through the $2,251