In This Article:
EOS
EOS slid by 7.77% on Tuesday. Reversing a 1.99% gain from Monday, EOS ended the day at $3.1234.
A mixed start to the day saw EOS rise to an early morning intraday high $3.3961 before hitting reverse.
Falling short of the first major resistance level at $3.4516, EOS tumbled to a late afternoon intraday low $2.9523.
EOS fell through the day’s major support levels before moving back through to $3.14 levels late in the day.
The late partial recovery saw EOS move back through the third major support level at $3.0717.
At the time of writing, EOS was down by 0.68% to $3.1020. A bearish start to the day saw EOS fall from an early morning high $3.1269 to a low $3.0895.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $3.1573 pivot level to support a run at the first major resistance level at $3.3622.
Support from the broader market would be needed, however, for EOS to break out from the morning high $3.1269.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the pivot level at $3.1573 would bring the first major support level at $2.9184 into play.
Barring another extended sell-off, however, EOS should steer clear of the second major support level at $2.7135.
Looking at the Technical Indicators
First Major Support Level: $2.9184
Pivot Level: $3.1573
First Major resistance Level: $3.3622
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 6.02% on Tuesday. Reversing a 4.37% rally from Monday, Ethereum ended the day at $383.33.
It was also a mixed start to the day. Ethereum rose to an early morning intraday high $409.31 before hitting reverse.
Falling short of the first major resistance level at $417.39, Ethereum slid to a late afternoon intraday low $369.36.
Ethereum fell through the first major support level at $393.14 and the second major support level at $378.31.
Holding above the 38.2% FIB of $367, Ethereum moved back through the second major support level to end the day at $383 levels.
At the time of writing, Ethereum was down by 0.66% to $380.81. A bearish start to the day saw Ethereum fall from an early morning high $383.29 to a low $377.84.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $387.33 pivot to support a run at the first major resistance level at $405.31.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.