In This Article:
EOS
EOS fell by 2.54% on Friday. Reversing a 1.05% gain from Thursday, EOS ended the day at $3.0074.
A bullish start to the day saw EOS rally to a late morning intraday $3.2450 before hitting reverse.
EOS broke through the first major resistance level at $3.1778 before sliding to a late afternoon intraday low $2.7496.
EOS fell through the first major support level at $2.990 and the second major support level at $2.9101.
Finding support late in the day, EOS moved back through the support levels to wrap up the day at $3.00 levels
At the time of writing, EOS was down by 0.43% to $2.9945. A bearish start to the day saw EOS fall from an early morning high $3.0095 to a low $2.9945.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.0007 pivot level to support a run at the first major resistance level at $3.2517
Support from the broader market would be needed, however, for EOS to break out from Friday’s high $3.2450.
Barring an extended crypto rally, however, resistance at $3.10 would likely leave EOS short of the major resistance levels.
Failure to move through the $3.0007 pivot would bring the first major support level at $2.7563 into play.
Barring another extended sell-off, however, EOS should steer clear of sub-$2.75 levels on the day. The second major support level sits at $2.5053.
Looking at the Technical Indicators
First Major Support Level: $2.7563
Pivot Level: $3.0007
First Major Resistance Level: $3.2517
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 3.93% on Friday. Following on from a 1.48% loss on Thursday, Ethereum ended the day at $379.75.
A range-bound start to the day saw Ethereum rise to an early morning intraday high $398.57 before seeing red.
Falling short of the first major resistance level at $402.54, Ethereum fell to a late afternoon intraday low $362.88.
Ethereum fell through the day’s major support levels and the 38.2% FIB of $367 before finding support.
The partial recovery saw Ethereum move back through the 38.2% FIB and the third major support level at $370.71 to cut the deficit.
The second major support level at $383.74 pinned Ethereum back late in the day.
At the time of writing, Ethereum was down by 0.08% to $379.45. A bearish start to the day saw Ethereum fall from an early morning high $379.76 to a low $377.70.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $380.40 pivot to support a run at the first major resistance level at $397.92.