In This Article:
EOS
EOS rallied by 8.56% on Monday. Reversing a 2.10% fall from Sunday, EOS ended the day at $2.6164.
A mixed start to the day saw EOS fall to an early morning intraday low $2.4034 before making a move.
Steering clear of the first major support level at $2.3334, EOS rallied to a late afternoon high $2.6114.
EOS broke through the first major resistance level at $2.4805 and the second major resistance level at $2.5499 before pulling back.
The pullback saw EOS fall back to $2.55 levels late in the day before striking an intraday high $2.6400. In spite of the late breakout, EOS came up short of the third major resistance level at $2.6970.
At the time of writing, EOS was up by 0.20% to $2.6216. A bullish start to the day saw EOS rise from an early morning low $2.6108 to a high $2.6237.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5533 pivot level to support a run at the first major resistance level at $2.7031.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.6400.
Barring another extended crypto rally, the first major resistance level at $2.7031 would likely cap any upside.
Failure to avoid a fall through the $2.5533 pivot would bring the first major support level at $2.4665 into play.
Barring another extended sell-off, EOS should steer clear of sub-$2.40 levels. The second major support level sits at $2.3167.
Looking at the Technical Indicators
Major Support Level: $2.4665
Major Resistance Level: $2.7031
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 6.16% on Monday. Reversing a 0.73% fall from Sunday, Ethereum ended the day at $241.65.
A mixed start to the day saw Ethereum fall to an early morning intraday high $227.08 before making a move.
Steering clear of the first major support level at $224.14, Ethereum rallied to a late afternoon high $240.73.
Ethereum broke through the day’s major resistance levels before easing back to $237 levels. The pullback saw Ethereum fall back through the third major resistance level at $239.89.
Finding late support, Ethereum broke back through the third major resistance level to strike an intraday high $241.99.
At the time of writing, Ethereum was up by 0.42% to $242.66. A bullish start to the day saw Ethereum rise from an early morning low $241.26 to a high $243.01.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $237 pivot to support a run at the first major resistance level at $246.73.