In This Article:
EOS
EOS rose by 2.74% on Thursday. Partially reversing a 6.31% slide from Wednesday, EOS ended the day at $3.4440.
It was a mixed start to the day. EOS dipped to an early morning intraday low $3.3451 before finding support.
Steering clear of the first major support level at $3.1646, EOS rose to an early afternoon intraday high $3.4608.
Falling short of the first major resistance level at $3.5822, EOS fell back to $3.37 levels before finding late support.
At the time of writing, EOS was up by 0.07% to $3.4465. A mixed start to the day saw EOS fall to an early morning low $3.4389 before rising to a high $3.4519.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.4166 pivot level to support a run at the first major resistance level at $3.4882.
Support from the broader market would be needed, however, for EOS to break out from Thursday’s high $3.4608.
Barring an extended crypto rally, the first major resistance level and Thursday’s high would likely cap any upside.
Failure to avoid a fall through the pivot level at $3.4166 would bring the first major support level at $3.3725 into play.
Barring an extended sell-off, however, EOS should steer clear of sub-$3.30 levels. The second major support level at $3.3009 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $3.3725
Pivot Level: $3.4166
First Major resistance Level: $3.4882
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 2.04% on Thursday. Partially reversing a 3.49% slide from Wednesday, Ethereum ended the day at $415.92.
It was also a mixed start to the day. Ethereum rose to an early morning high $415.67 before hitting reverse.
Falling short of the first major resistance level at $425.12, Ethereum slid to a mid-morning intraday low $402.3.
Steering clear of the first major support level at $391.90, Ethereum rallied to a late intraday high $419.59.
Coming up short of the first major resistance level, Ethereum slipped back to wrap up the day a $415 levels.
At the time of writing, Ethereum was up by 0.60% to $418.43. A bullish start to the day saw Ethereum rise from an early morning low $415.67 to a high $418.92.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $412.60 pivot to support a run at the first major resistance level at $422.90.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $419.58.