EOS

EOS fell by 1.29% on Monday. Partially reversing a 4.20% gain from Sunday, EOS ended August up by 3.58% to $3.2086.

It was a bullish start to the day. EOS rose to an early morning high $3.3000 before hitting reverse.

Falling short of the first major resistance level at $3.3162, EOS fell to a mid-morning low $3.1922.

Steering clear of the first major support level at $3.1641, EOS bounced back to $3.28 levels before a 2^nd sell-off.

The late sell-off saw EOS slide to a late intraday low $3.1888 before moving back through to $3.20 levels.

In spite of the late pullback EOS, avoided the first major support level at $3.1641.

At the time of writing, EOS was down by 0.55% to $3.1910. A mixed start to the day saw EOS rise to an early morning high $3.2196 before falling to a low $3.1778.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move through the $3.2325 pivot level to support a run at the first major resistance level at $3.2761.

Support from the broader market would be needed, however, for EOS to break out from $3.25 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3.3000 would likely cap any upside.

Failure to move through the pivot level at $3.2325 would bring the first major support level at $3.1649 into play.

Barring an extended sell-off, however, EOS should avoid a return to sub-$3.10 levels. The second major support level at $3.1213 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $3.1649

Pivot Level: $3.2325

First Major resistance Level: $3.2761

23.6% FIB Retracement Level: $6.52

38% FIB Retracement Level: $9.68

62% FIB Retracement Level: $14.77

Ethereum

Ethereum rose by 1.16% on Monday. Following on from a 7.62% rally on Sunday, Ethereum ended the month up by 25.09% to $433.89.

It was a bearish start to the day. Ethereum fell to a mid-morning intraday low $418.16 before making a move.

Steering clear of the first major support level at $408.15, Ethereum rallied to an early afternoon intraday high $439.00.

Coming within range of the first major resistance level at $439.81, Ethereum fell back to sub-$430 before finding late support.

A late move back through to $433 levels delivered the upside on the day.

At the time of writing, Ethereum was down by 0.21% to $432.98. A mixed start to the day saw Ethereum rise to an early morning high $435.64 before falling to a low $432.19.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the $430.35 pivot to support a run at the first major resistance level at $442.54.