In This Article:
EOS
EOS rose by 0.55% on Tuesday. Following a 2.55% fall from Monday, EOS ended the day at $2.5609.
A bearish start to the day saw EOS fall to an early morning intraday low $2.5057 before making a move.
Steering clear of the first major support level at $2.4491, EOS rose to a late intraday high $2.5791 before easing back.
Falling well short of the first major resistance level at $2.6574, EOS slipped back to sub-$2.57 levels.
At the time of writing, EOS was up by 0.14% to $2.5645. A mixed start to the day saw EOS fall to an early morning low $2.5591 before rising to a high $2.5645.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5486 pivot level to support a run at the first major resistance level at $2.5914.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $2.5791.
Barring an extended crypto rally, the first major resistance level and resistance at $2.60 would likely cap any upside.
Failure to avoid a fall through the $2.5486 pivot would bring the first major support level at $2.5180 into play.
Barring another extended sell-off, EOS should steer clear of the second major support level at $2.4752.
Looking at the Technical Indicators
Major Support Level: $2.5180
Pivot Level: $2.5486
Major Resistance Level: $2.5914
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.49% on Tuesday. Following a 1.39% decline from Monday, Ethereum ended the day at $240.43.
Tracking the broader market, Ethereum fell to an early morning intraday low $236.66 before finding support.
Steering clear of the first major support level at $235.82, Ethereum struck a late intraday high $242.01.
Falling well short of the first major resistance level at $244.22, Ethereum fell back to $240 levels before ending the day at $240 levels.
At the time of writing, Ethereum was up by 0.28% to $241.10. A bullish start to the day saw Ethereum rise from an early morning low $240.4 to a high $241.18.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $239.70 pivot to support a run at the first major resistance level at $242.74.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $242.01.
Barring an extended crypto rally, the first major resistance level and resistance at $243 should cap any upside.
Failure to avoid a fall through the $239.70 pivot would bring the first major support level at $237.39 into play.