In This Article:
EOS
EOS fell by 2.60% on Monday. Partially reversing a 4.11% gain on Sunday, EOS ended the day at $3.7793.
It was a bearish start to the day. EOS fell to an early afternoon intraday low $3.5750 before finding support.
The pullback saw EOS fall through the first major support level at $3.5790, before striking an intraday high $3.9235.
Falling short of the first major resistance level at $4.0829, EOS fell back to sub-$3.80 levels and into the red.
At the time of writing, EOS was up by 0.52% to $3.7991. A bullish start to the day saw EOS rise from an early morning low $3.7703 to a high $3.8023.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.7854 pivot level to support a run at the first major resistance level at $3.9174.
Support from the broader market would be needed, however, for EOS to break back through to $3.90 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $3.9235 would likely cap any upside.
Failure to avoid a fall through the pivot level at $3.7854 would bring the first major support level at $3.6473 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.60 levels. The second major support level sits at $3.5153.
Looking at the Technical Indicators
First Major Support Level: $3.6473
Pivot Level: $3.7854
First Major Resistance Level: $3.9174
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.51% on Monday. Reversing a 0.24% gain on Sunday, Ethereum ended the day at $431.5.
A bearish start to the day saw Ethereum fall to a mid-morning intraday low $420.50 before finding support.
Steering clear of the first major support level at $418.47, EOS rallied to a late afternoon intraday high $447.50.
Ethereum broke through the first major resistance level at $442.96 before falling back to sub-$432 levels and into the red.
At the time of writing, Ethereum was up by 0.27% to $432.67. It was a mixed start to the day. Ethereum fell to an early morning low $430.86 before rising to a high $433.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $433.17 pivot to support a run at the first major resistance level at $445.83.
Support from the broader market would be needed, however, for Ethereum to break back through to $440 levels.
Barring an extended crypto rally, the first major resistance level should continue to cap any upside.