In This Article:
EOS
EOS fell by 1.05% on Sunday. Reversing a 1.29% gain from Saturday, EOS ended the week down by 2.07% to $2.6719.
A bearish start to the day saw EOS fall to an early morning low $2.6649 before making a move.
EOS fell through the first major support level at $2.6678 before striking a late morning intraday high $2.7033.
Falling well short of the first major resistance level at $2.7444, EOS tumbled to an early afternoon intraday low $2.6156.
EOS fell back through the first major support level and the second major support level at $2.6328.
Steering clear of sub-$2.60 levels, EOS broke back through the support levels to briefly revisit $2.68 levels.
A bearish end to the day, however, saw EOS fall back to wrap up the day at sub-$2.68 levels.
At the time of writing, EOS was down by 0.04% to $2.6707. A bearish start to the day saw EOS fall from an early morning high $2.6740 to a low $2.6587.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall back through the $2.6636 pivot level to support a run at the first major resistance level at $2.7116.
Support from the broader market would be needed, however, for EOS to break out from $2.70 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall back through the pivot level at $2.6636 would bring the first major support level at $2.6239 into play.
Barring another extended sell-off, however, EOS should steer of the second major support level at $2.5759.
Looking at the Technical Indicators
First Major Support Level: $2.6239
Pivot Level: $2.6636
First Major resistance Level: $2.7116
23.6% FIB Retracement Level: $6.52
38% FIB Retracement Level: $9.68
62% FIB Retracement Level: $14.77
Ethereum
Ethereum slid by 3.78% on Sunday. Following a 0.16% gain on Saturday, Ethereum ended the week up by 1.12% to $370.69.
It was a bearish end to the week. Ethereum fell from an early morning intraday high $385.31 to a late afternoon intraday low $364.89.
Ethereum fell the first major support level at $378.81 and the second major support level at $372.39.
More significantly, Ethereum also fell through the 38.2% FIB of $367 before finding support.
Ethereum briefly broke back through the 38.2% FIB and the second major support level before falling back to $366 levels.
Finding late support at the $38.2% FIB, however, Ethereum wrapped up the week at $370 levels.
At the time of writing, Ethereum was down by 0.27% to $369.69. A bearish start to the day saw Ethereum fall from an early morning high $371.03 to a low $368.69.