Cryptocurrencies

Ethereum rallied. But how much did it gain over the session?

Ethereum surged forward by 1.54% to $1,395.83 on Tuesday. After a bullish start of the day, the crypto soared from an early morning low $1,374.17 to a high $1,397.85.

 

On Monday, Ethereum skyrocketed by 4.62%. After reversing a 4.79% drop from Sunday, the crypto ended the day at $1,374.6. However, it fluctuated during the session, dropping to an early morning intraday low $1,271.13 before moving.

 

Ethereum managed to find support at the first major support level at $1,271 and hit a late morning high $1,346.50. However, it fell short of the first major resistance level at $1,370 and plunged back to a low $1,300.04.

 

At the end of the session, Ethereum soared to an intraday high $1,378.02 before pulling back. It also broke through the first major resistance level at $1,370, ending the day at $1,374 levels.

Meanwhile, Litecoin gained 1.43% to $133.93 on Tuesday. After a bullish start of the day, the crypto jumped from an early morning low $131.84 to a high $134.00.

 

On Monday, Litecoin soared by 1.87%, partially reversing a 2.96% drop from Sunday. The crypto ended the day at $132.04. It fluctuated during the session though, tumbling to an early morning intraday low $126.02.

 

After that, the crypto steered clear of the first major support level at $125.12, as well as the 38.2% FIB of $125, and it hit a late morning intraday high $136.62.

 

Related Post

Litecoin also managed to break through the first major resistance level at $134.63 before plummeting back to sub-$128 levels. The crypto also rebounded to $133 levels at the end of the session.

 

How did Ripple’s XRP fare?

 

Ripple’s XRP declined by 1.56% to $0.36537 on Tuesday. After a mixed start of the day, the crypto surged to an early morning high $0.37721 before dropping to a low $0.36458.

 

Ripple’s XRP plummeted down by 25.14% on Monday, reversing an 11.56% gain from Sunday. The crypto ended the day at $0.37115. It rallied to a late morning intraday high $0.75991 before pulling back.

 

XRP also managed to break through the first major resistance level at $0.5593, as well as the second major resistance level at $0.6231.

 

However, it fell short of the third major resistance level at $0.7730, dropping to a late intraday low $0.35925. The sell-off caused Ripple’s XRP to tumble through the first major support level at $0.4094.

 

The crypto also slid through the 62% FIB of $0.5522, as well as the 38.2% FIB of $0.4070. However, it found support in the 2nd half of the day and revisited $0.39 levels before plunging back to $0.37 levels.

Recent Posts

XRP Price Reaches $0.5225 High, Trades at $0.5140

Key Points: XRP Price is at $0.5140, with recent highs of $0.5225 and lows of $0.4980. The 100-hourly SMA at…

2 days ago

Dow Jones Surpasses 40,000, Closes at 39,869

Key Points Dow Jones briefly surpassed 40,000, reaching 40,051.05, but closed at 39,869.38, down 0.1%. S&P 500 closed at 5,297.10…

2 days ago

Chinese Economy: Retail Up 2.3%, Industry Up 6.7%

Key Points: Chinese Economy Landscape: April retail sales increased by 2.3%, below forecasts and March's 3.1%, reflecting cautious consumer behaviour.…

2 days ago

Oil Prices Stable: Brent at $83.33, WTI at $78.80

Key Points: Stable Oil Prices: Brent futures increased 0.1% to $83.33; WTI steady at $78.80 per barrel. Weekly Gains: Brent…

2 days ago

GBP/JPY Hit 197.00 Amid Japan’s Q1 GDP Contraction

Key Points: GBP/JPY recovered to 197.00 after recent declines due to Japan's GDP contraction. Japan's Q1 GDP contracted by 0.5%,…

2 days ago

USD/JPY Rebounds 1.4%, Testing 155.44 Resistance

Key Point: USD/JPY recovered from 153.60 to 155.00, reaching a 200-hour EMA resistance at 155.44. Bullish trend supported by 50-day…

2 days ago

This website uses cookies.