In This Article:
EOS
EOS fell by 0.53% on Tuesday. Following Monday’s 3.58% rally, EOS ended the day at $3.0339.
A bullish start to the day saw EOS rise to an early morning intraday high $3.0987 before hitting reverse.
Falling short of the first major resistance level at $3.1435, EOS fell to an early afternoon intraday low $2.9488.
Steering clear of the first major support level at $2.9262, EOS revisited $3.00 levels before easing back into the red.
At the time of writing, EOS was down by 0.68% to $3.0133. A bearish start to the day saw EOS fall from an early morning high $3.0311 to a low $3.0015.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move the $3.0271 pivot level to support a run at the first major resistance level at $3.1055.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.0987.
Barring another extended crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside.
Failure to move through the $3.0271 pivot would bring the first major support level at $2.9556 into play.
Barring an extended sell-off, EOS should steer clear of the second major support level at $2.8772
Looking at the Technical Indicators
First Major Support Level: $2.9556
Pivot Level: $3.0271
First Major Resistance Level: $3.1055
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.92% on Tuesday. Following on from a 3.77% rally on Monday, Ethereum ended the day at $389.82.
A bullish start to the day saw Ethereum rally to an early morning intraday high $403.64 before hitting reverse.
Ethereum broke through the first major resistance level at $401.83 before sliding to an early afternoon intraday low $380.67.
Steering clear of the first major support level at $368.48, Ethereum revisited $390 levels before easing back.
At the time of writing, Ethereum was down by 0.81% to $386.65. A bearish start to the day saw Ethereum fall from an early morning high $392.24 to a low $383.86.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $391.38 pivot to support a run at the first major resistance level at $402.08.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level should cap any upside.
A fall through the $391.38 pivot would bring the first major support level at $379.11 into play.