In This Article:
EOS
EOS slid by 5.59% on Friday. Reversing a 2.74% gain from Thursday, EOS ended the day at $3.2508.
It was a mixed start to the day. EOS dipped to an early morning low $3.3806 before finding support.
Steering clear of the first major support level at $3.3725, EOS rallied to a mid-morning intraday high $3.6292.
EOS broke through the first major resistance level at $3.4882 and the second major resistance level at $3.5323.
The upside was short-lived, however, with EOS sliding to a late intraday low $3.2195.
EOS fell through the first major support level at $3.3725 and the second major support level at $3.3009.
At the time of writing, EOS was down by 0.33% to $3.2399. A mixed start to the day saw EOS rise to an early morning high $3.2603 before falling to a low $3.2254.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.3665 pivot level to support a run at the first major resistance level at $3.5135.
Support from the broader market would be needed, however, for EOS to break back through to $3.50 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $3.3665 would bring the first major support level at $3.1038 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level sits at $2.9568.
Looking at the Technical Indicators
First Major Support Level: $3.1038
Pivot Level: $3.3665
First Major resistance Level: $3.5135
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 6.70% on Friday. Reversing a 2.04% gain from Thursday, Ethereum ended the day at $388.05.
It was also a mixed start to the day. Ethereum rose to an early morning high $418.92 before hitting reverse.
Falling short of the first major resistance level at $422.90, Ethereum slid to a late intraday low $385.00.
Ethereum fell through the first major support level at $405.62 and the second major support level at $395.32.
At the time of writing, Ethereum was down by 0.88% to $384.65. A mixed start to the day saw Ethereum rise to an early morning high $388.27 before falling to a low $382.02.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $397.32 pivot to support a run at the first major resistance level at $409.65.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.