In This Article:
EOS
EOS rallied by 4.11% on Sunday. Following on from a 14% jump on Saturday, EOS ended the week up by 28.09% to $3.8792.
It was a mixed start to the day. EOS rose to an early morning high $3.8724 before hitting reverse.
Falling short of the major resistance levels, EOS slid to a mid-day intraday low $3.4824 before making a move.
Steering clear of the first major support level at $3.3450, EOS rallied to a mid-afternoon intraday high $3.9863.
Falling short of the first major resistance level at $3.9922, EOS eased back to wrap up the week at $3.8 levels.
At the time of writing, EOS was down by 0.05% to $3.8771. A mixed start to the day saw EOS rise to an early morning high $3.8985 before falling to a low $3.8532.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.7826 pivot level to support a run at the first major resistance level at $4.0829.
Support from the broader market would be needed, however, for EOS to breakout from Sunday’s high $3.9863.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
A fall through the pivot level at $3.7826 would bring the first major support level at $3.5790 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.50 levels. The second major support level sits at $3.2787.
Looking at the Technical Indicators
First Major Support Level: $3.5790
Pivot Level: $3.7826
First Major Resistance Level: $4.0829
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.24% on Sunday. Following a 1.43% decline on Saturday, Ethereum ended the week up by 11.09% to $433.70.
A bearish start to the day saw Ethereum fall to a mid-day intraday low $412.51 before finding support.
Ethereum fell through the first major support level at $425.92 and the second major support level at $419.30.
Finding support in the afternoon, Ethereum rose to a late afternoon intraday high $437.00.
Falling short of the first major resistance level at $441.25, Ethereum slipped back to end the day at sub-$435 levels.
At the time of writing, Ethereum was down by 0.30% to $432.41. A mixed start to the day saw Ethereum rise to an early morning high $434.96 before falling to a low $432.01.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $427.74 pivot to support a run at the first major resistance level at $442.96.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $437.00.