In This Article:
EOS
EOS rallied by 5.06% on Tuesday. Following on from a 5.07% gain on Monday, EOS ended the day at $3.0048.
It was another mixed start to the day. EOS rose to an early morning high $2.9204 before hitting reverse.
Falling short of the first major resistance level at $2.9785, EOS slid to a late morning intraday low $2.7830.
Steering clear of the first major support level at $2.6879, EOS rallied to a late intraday high $3.0799.
EOS broke through the first major resistance level at $2.9785 before easing back.
At the time of writing, EOS was up by 0.30% to $3.0137. A bullish start to the day saw EOS rise from an early morning low $3.0040 to a high $3.0191.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.9559 pivot level to support a run at the first major resistance level at $3.1288.
Support from the broader market would be needed, however, for EOS to break out from Tuesday’s high $3.0799.
Barring another extended crypto rally, the first major resistance level at $3.1288 would likely cap any upside.
Failure to avoid a fall through the $2.9559 pivot would bring the first major support level at $2.8319 into play.
Barring an extended sell-off, EOS should steer well clear of sub-$2.80 levels. The first major support level at $2.8319 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $2.8319
Pivot Level: $2.9559
First Major Resistance Level: $3.1288
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 1.49% on Tuesday. Partially reversing a 3.47% gain from Monday, Ethereum ended the day at $317.59.
A bullish start saw Ethereum rise to an early morning intraday high $327.34 before hitting reverse.
Falling short of the first major resistance level at $333.93, Ethereum fell to a late morning intraday low $306.29.
The pullback saw Ethereum fall through the first major support level at $310.97 before moving back to $323 levels.
A bearish end to the day, however, left Ethereum at sub-$320 levels and in the red.
At the time of writing, Ethereum was up by 0.54% to $319.29. A bullish start to the day saw Ethereum rise from an early morning low $317.52 to a high $319.50.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $317 pivot to support a run at the first major resistance level at $327.86.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $327.34.