In This Article:
EOS
EOS rose by 1.09% on Tuesday. Reversing a 0.97% fall from Monday, EOS ended the day at $2.5519.
A bearish start to the day saw EOS fall from an early morning high $2.5319 to a mid-morning intraday low $2.4884.
Steering clear of the first major support level at $2.4780, EOS bounced back to an early afternoon intraday high $2.5730.
Falling short of the first major resistance level at $2.5915, EOS eased back to $2.50 levels before finding late support.
At the time of writing, EOS was down by 0.66% to $2.5350. A bearish start to the day saw EOS fall from an early morning high $2.5541 to a low $2.5248.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.5380 levels to support a run at the first major resistance level at $2.5871.
Support from the broader market would be needed, however, for EOS to break out from the Tuesday’s high $2.5730.
Barring an extended broad-based crypto rally, the first major resistance level would likely limit any upside on the day.
Failure to move through to $2.5380 levels could see EOS slide deeper into the red. A fall through the morning low $2.5248 would bring the first major support level at $2.5025 into play.
Barring a crypto meltdown, however, EOS should steer clear of the second major support level at $2.4532.
Looking at the Technical Indicators
Major Support Level: $2.5025
Major Resistance Level: $2.5871
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slipped by just 0.03% on Tuesday. Following on from a 3.49% slide on Monday, Ethereum ended the day at $127.71.
A bearish start to the day saw Ethereum fall to a mid-morning intraday low $126.50 before finding support.
Steering clear of the first major support level at $124.21, Ethereum struck an early afternoon intraday high $129.50.
Falling short of the first major resistance level at $133.29, Ethereum fell back to $126 levels before finding late support.
At the time of writing, Ethereum was down by 1.22% to $126.15. A bearish start to the day saw Ethereum fall from an early morning high $127.77 to a low $125.00.
Steering clear of the major resistance levels, Ethereum fell through the first major support level at $126.31 early on.
For the day ahead
Ethereum would need to move through to $127.90 levels to support a run at the first major resistance level at $129.31.
Support from the broader market would be needed for Ethereum to break out from the first major support level at $126.31.
Barring a broad-based crypto rally, however, the first major resistance level would likely leave Ethereum short of $130 for a 2nd consecutive day.