In This Article:
EOS
EOS rallied by 6.91% on Monday. Reversing a 1.20% fall from Sunday, EOS ended the day at $3.2377.
It was a mixed start to the day. EOS rose to a late morning high $3.1264 before hitting reverse.
EOS broke through the first major resistance level at $3.0959 before falling to a late morning intraday low $2.9992.
Steering clear of the first major support level at $2.9456, EOS rallied to a late afternoon intraday high $3.2966.
EOS broke through the first major resistance level and the second major resistance level at $3.1642.
In spite of a late pullback, EOS avoided a fall back through the second major resistance level.
At the time of writing, EOS was up by 0.25% to $3.2457. A bullish start to the day saw EOS rise from an early morning low $3.2402 to a high $3.2502.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.1778 pivot level to support a run at the first major resistance level at $3.3565.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $3.2966.
Barring an extended crypto rally, however, the major first resistance level at $3.3565 would likely cap any upside.
A fall through the $3.1778 pivot would bring the first major support level at $3.0591 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.00 levels and the second major support level at $2.8804.
Looking at the Technical Indicators
First Major Support Level: $3.0591
Pivot Level: $3.1778
First Major Resistance Level: $3.3565
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 1.38% on Monday. Partially reversing a 1.78% loss from Sunday, Ethereum ended the day at $395.78.
A bullish start to the day saw Ethereum rise to an early morning intraday high $400.21 before seeing red.
Ethereum broke through the first major resistance level at $399.60 before sliding to a late morning intraday low $385.44.
Steering clear of the first major support level at $382.62, Ethereum recovered to $399 levels before easing back.
The first major resistance level at $399.60 capped the upside on the day.
At the time of writing, Ethereum was down by 0.26% to $394.76. A mixed start to the day saw Ethereum rise to an early morning high $396.76 before falling to a low $394.39.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $393.81 pivot to support a run at the first major resistance level at $402.18.