In This Article:
EOS
EOS rallied by 3.58% on Monday. Partially reversing Sunday’s 10.93% meltdown, EOS ended the day at $3.0463.
It was a mixed start to the day. EOS fell to an early morning intraday low $2.9022 before making a move.
Steering clear of the first major support level at $2.4578, EOS rallied to a late afternoon intraday high $3.1185.
Falling short of the first major resistance level at $3.4546, EOS fell back to $3.01 levels before finding late support.
EOS moved back through to $3.04 levels to deliver the upside on the day.
At the time of writing, EOS was up by 0.67% to $3.0667. A relatively bullish start to the day saw EOS rise from an early morning low $3.0500 to a high $3.0667.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0223 pivot level to support a run at the first major resistance level at $3.1425.
Support from the broader market would be needed, however, for EOS to break back through to $3.10 levels.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $3.0223 pivot would bring the first major support level at $2.9262 into play.
Barring an extended sell-off, EOS should steer well clear of the second major support level at $2.8060
Looking at the Technical Indicators
First Major Support Level: $2.9262
Pivot Level: $3.0223
First Major Resistance Level: $3.1425
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 3.77% on Monday. Reversing a 3.92% loss from Sunday, Ethereum ended the day at $386.22.
Tracking the broader market, Ethereum dipped to an early morning intraday low $366.34 before finding support.
Finding support at the 38.2% FIB of $367, Ethereum rallied to an early afternoon intraday high $399.69.
Falling short of the first major resistance level at $416.22, Ethereum fell back to $382 levels before finding late support.
A late move back through to $386 levels delivered the upside on the day.
At the time of writing, Ethereum was up by 0.75% to $389.11. A bullish start to the day saw Ethereum rise from an early morning low $386.20 to a high $389.98.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $384 pivot to support a run at the first major resistance level at $402.
Support from the broader market would be needed, however, for Ethereum to break out form Monday’s high $399.69.
Barring an extended crypto rally, the first major resistance level should cap any upside.