In This Article:
EOS
EOS fell by 1.39% on Monday. Following on from a 1.59% decline on Sunday, EOS ended the day at $2.5347.
It was a particularly bearish start to the day. EOS slid from an early morning intraday high $2.5703 to an early morning intraday low $2.4208.
EOS fell through the first major support level at $2.5260 and the second major support level at $2.4830.
Finding support in the late morning, EOS briefly broke back through the major support levels to a high $2.5501.
A late pullback, however, left EOS in the red.
At the time of writing, EOS was up by 0.09% to $2.5369. A range-bound start to the day saw EOS rise from a low $2.535 to a high $2.5369.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $2.5086 pivot level to take bring the first major resistance level at $2.5964 into play.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.5703.
Barring an extended crypto rally, the first major resistance level at $2.5964 would likely limit any upside.
Failure to avoid a fall through the $2.5086 pivot could see EOS in the red for a 3rd consecutive day.
A fall back through to sub-$2.50 levels would bring the first major support level at $2.4469 into play.
Barring another crypto sell-off, however, EOS should steer well clear of the second major support level at $2.3591.
Looking at the Technical Indicators
Major Support Level: $2.4469
Major Resistance Level: $2.5964
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.16% on Monday. Following on from a 2.87% decline on Sunday, Ethereum ended the day at $230.98.
It was a particularly bearish start to the day. Ethereum tumbled from an early morning high $232.48 to a mid-morning intraday low $217.79.
The reversal saw Ethereum fall through the first major support level at $227.86 and the second major support level at $224.39
Finding support in the late morning, Ethereum rallied to a late intraday high $234.0 before easing back.
Ethereum came up well short of the first major resistance level at $236.7 in the 2nd half of a day rally.
At the time of writing, Ethereum was up by 0.03% to $231.05. A range-bound start to the day saw Ethereum rise from an early morning low $230.96 to a high $231.31.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $227.60 pivot to support a run at the first major resistance level at $237.39.