In This Article:
EOS
EOS rallied by 4.80% on Wednesday. Reversing a 2.14% fall from Tuesday, EOS ended the day at $2.6858.
A mixed start to the day saw EOS fall to an early morning intraday low $2.5469 before making a move.
Steering clear of the first major support level at $2.5143, EOS rallied to an early afternoon intraday high $2.7088.
EOS broke through the first major resistance level at $2.6187 and the second major resistance level at $2.6770.
A pullback through the afternoon saw EOS fall through to $2.65 levels before finding late support.
EOS broke back through the second major resistance level to wrap up the day at $2.68 levels.
At the time of writing, EOS was down by 0.29% to $2.6781. A bearish start to the day saw EOS fall from an early morning high $2.6831 to a low $2.6781.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.6470 pivot level to support a run at the first major resistance level at $2.7474.
Support from the broader market would be needed, however, for EOS to break out from Wednesday’s high $2.7088.
Barring another extended crypto rally, the first major resistance level at $2.7474 would likely cap any upside.
Failure to avoid a fall through the $2.6470 pivot would bring the first major support level at $2.5855 into play.
Barring an extended sell-off, EOS should steer clear of sub-$2.60 levels. The second major support level at $2.4853 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.5855
Major Resistance Level: $2.7474
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 3.25% on Wednesday. Reversing a 0.97% decline from Tuesday, Ethereum ended the day at $247.14.
A mixed start to the day saw Ethereum fall to an early morning intraday low $237.91 before finding support.
Steering clear of the first major support level at $234.67, Ethereum rallied to a late intraday high $249.0.
Ethereum broke through the first major resistance level at $244.25 and second major resistance level at $248.52 before easing back.
Easing back through the second major resistance level, Ethereum wrapped up the day at $247 levels.
At the time of writing, Ethereum was down by 0.45% to $246.02. A bearish start to the day saw Ethereum fall from an early morning high $247.11 to a low $245.88
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $244.70pivot to support a run at the first major resistance level at $251.46.