In This Article:
EOS
EOS slid by 4.47% on Thursday. Following on from a 0.15% decline on Wednesday, EOS ended the day at $2.9775.
It was another mixed start to the day. EOS rose to an early morning intraday high $3.1505 before hitting reverse.
Falling short of the first major resistance level at $3.1758, EOS fell to a late afternoon intraday low $2.8487.
The reversal saw EOS fall through the day’s major support levels before briefly revisiting $2.97 levels.
While moving back through the third major support level at $2.8866, resistance at $3.00 pinned EOS back late on.
At the time of writing, EOS was down by 0.26% to $2.9697. A bearish start to the day saw EOS fall from an early morning high $2.9849 to a low $2.9668.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.9922 pivot level to support a run at the first major resistance level at $3.1358.
Support from the broader market would be needed, however, for EOS to break back through to $3.10 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $2.9922 would bring the first major support level at $2.8340 into play.
Barring another extended sell-off, however, EOS should avoid sub-$2.80 levels. The second major support level sits at $2.6904.
Looking at the Technical Indicators
First Major Support Level: $2.8340
Pivot Level: $2.9922
First Major resistance Level: $3.1358
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum fell by 0.74% on Thursday. Reversing a 0.74% gain from Wednesday, Ethereum ended the day at $383.25.
It was also a mixed start to the day. Ethereum fell to a mid-morning low $380.37 before making a move.
Steering clear of the first major support level at $377.94, Ethereum struck an early afternoon intraday high $397.15.
Ethereum broke through the first major resistance level at $393.88 before sliding to a late afternoon intraday low $371.5.
Ethereum fell through the first major support level at $377.94 before recovering to $380 levels.
At the time of writing, Ethereum was down by 0.45% to $381.52. A bearish start to the day saw Ethereum fall from an early morning high $383.87 to a low $381.46.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $383.97 pivot to support a run at the first major resistance level at $396.43.
Support from the broader market would be needed, however, for Ethereum to break back through to $390 levels.