In This Article:
EOS
EOS rose by 4.20% on Sunday. Following on from a 0.27% gain on Saturday, EOS ended the week down by 1.92% to $3.2598.
It was a bullish start to the day. EOS rose to an early morning high $3.2155 before hitting reverse.
EOS broke through the first major resistance level at $3.1930 before falling back to $3.15 levels.
Finding support going into the afternoon, EOS rallied to a late intraday high $3.2769.
EOS broke through the first major resistance level at $3.1930 and the second major resistance level at $3.2589.
At the time of writing, EOS was up by 0.33% to $3.2706. A mixed start to the day saw EOS fall to an early morning low $3.2522 before rising to a high $3.2741.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.2205 pivot level to support a run at the first major resistance level at $3.3162.
Support from the broader market would be needed, however, for EOS to break out from Sunday’s high $3.2769.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the pivot level at $3.2205 would bring the first major support level at $3.1641 into play.
Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.0684 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $3.1641
Pivot Level: $3.2205
First Major resistance Level: $3.3162
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum rose by 7.62% on Sunday. Following on from a 0.82% gain from Saturday, Ethereum ended the week up by 9.73% to $428.94.
It was also a bullish day. Ethereum rallied from an early morning intraday low $398.24 to a late intraday high $429.9.
Steering clear of the first major support level at $392.01, Ethereum broke through the day’s major resistance levels.
A late pullback saw Ethereum fall back through the third major resistance level at $425.87 before wrapping up the day at $428 levels.
At the time of writing, Ethereum was up by 0.22% to $429.88. A mixed start to the day saw Ethereum fall to an early morning low $428.15 before rising to a high $430.55.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $419 pivot to support a run at the first major resistance level at $439.81.
Support from the broader market would be needed, however, for Ethereum to break out from this morning’s high $430.55.