Bitcoin and other top crypto tokens saw some profit booking as the US observed a holiday on Tuesday and trading volumes remained slim in the Asian markets. However, key macroeconomic data and US Fed’s minutes of meeting due later today will guide the markets over rate hike cues.
Ethereum (ETH)is in an ascending trend under some bullish momentum with the asset trading above the 100-day moving average.ETH price is trying to consolidate between the range of $1,925 and $1,975, where it is facing immediate resistance. If the price successfully surpasses this level, it could potentially lead the asset towards next resistance at $2,025.

Its RSI is rising which indicates that the underlying buying pressure for Ethereum price is increasing. This bullish divergence increases the possibility of a rally towards the trendline. On the down side, if ETH fails to hold the $1,900 support level, it could encounter renewed selling pressure.
Major Levels:
Support: $1,900, $1,861
Resistance: $1,975, $2,025(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)