Ethereum rallied by 4.74% on Thursday. Following on from a 3.92% gain on Wednesday, Ethereum ended the day at $1,939.64.
A mixed start to the day saw Ethereum slip to an early morning intraday low $1,851.47 before finding support.
Steering well clear of the first major support level at $1,771, Ethereum rallied to a late intraday high and a new swing hi $1,950.3.
Ethereum broke through the first major resistance level at $1,895 and the second major resistance level at $1,938.
A choppy end to the day saw Ethereum briefly fall back through the second major resistance level to $1,916 levels before ending the day at $1,939 levels.
At the time of writing, Ethereum was up by 0.07% to $1,940.93. A mixed start to the day saw Ethereum rise to an early morning high $1,947.37 before falling to a low $1,939.50.
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 $1,914 to support a run at the first major resistance level at $1,976.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s new swing hi $1,950.30.
Barring an extended crypto rally, the first major resistance level resistance at $2,000 would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $2,100 before any pullback. The second major resistance