In This Article:
EOS
EOS fell by 1.36% on Sunday. Partially reversing a 3.48% rally from Saturday, EOS ended the week down by 14.44% to $3.3199.
A mixed start to the day saw EOS rise to an early morning intraday high $3.3887 before hitting reverse.
Falling short of the first major resistance level at $3.4444, EOS slid to a late morning intraday low $3.2293.
Steering clear of the first major support level at $3.2208, EOS revisited $3.37 levels before falling back into the red.
At the time of writing, EOS was down by 0.78% to $3.2940. A bearish start to the day saw EOS fall from an early morning high $3.3272 to a low $3.2898.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.3126 pivot level to support a run at the first major resistance level at $3.3960.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $3.3887.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $3.3126 would bring the first major support level at $3.2366 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels. The second major support level at $3.1532 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $3.2366
Pivot Level: $3.3126
First Major resistance Level: $3.3960
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.23% on Sunday. Partially reversing a 1.96% gain from Saturday, Ethereum ended the week down by 9.92% to $390.67.
It was also a mixed start to the day. Ethereum rose to an early morning intraday high $400.0 before hitting reverse.
Falling short of the first major resistance level at $403.72, Ethereum slid to a mid-day intraday low $383.67.
Finding support at the first major support level at $383.52, Ethereum revisited $396 levels before falling back into the red.
At the time of writing, Ethereum was down by 0.38% to $389.19. A bearish start to the day saw Ethereum fall from an early morning high $391.00 to a low $388.91.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $391.45 pivot to support a run at the first major resistance level at $399.22.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $391.00.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $400.0 would likely cap any upside.