In This Article:
EOS
EOS rose by 1.36% on Friday, Following on from a 0.90% gain on Thursday, EOS ended the month up by 30.56% to $3.0950.
It was a mixed start to the day. EOS fell to an early morning intraday low $3.0163 before making a move.
Steering clear of the first major support level at $2.9763, EOS rallied to a late afternoon intraday high $3.1481
EOS broke through the first major resistance level at $3.1191 before easing back to sub-$3.10 levels.
At the time of writing, EOS was down by 0.17% to $3.0896. A mixed start to the day saw EOS rise to an early morning high $3.1155 before falling to a low $3.0896.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to avoid a fall through the $3.0865 pivot level to support a run at the first major resistance level at $3.1566.
Support from the broader market would be needed, however, for EOS to break back out from Friday’s high $3.1481.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $3.0865 pivot would bring the first major support level at $3.0248 into play.
Barring an extended sell-off, EOS should steer clear of the second major support level at $2.9547.
Looking at the Technical Indicators
First Major Support Level: $3.0248
Pivot Level: $3.0865
First Major Resistance Level: $3.1566
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 3.46% on Friday. Following on from a 5.39% rally on Thursday, Ethereum ended the month up by 53.82% to $346.86.
Another mixed start saw Ethereum fall to an early morning intraday low $328.35 before making a move.
Steering clear of the first major support level at $319.09, Ethereum rallied to a late intraday high $349.74.
Ethereum broke through the first major resistance level at $346.97 to test resistance at $350 before easing back.
Ethereum slipped back through the first major resistance level at $346.97 late in the day.
At the time of writing, Ethereum was down by 0.28% to $345.88. A mixed start to the day saw Ethereum rise to an early morning high $347.99 before falling to a low $345.56.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $341.65 pivot to support a run at the first major resistance level at $354.95.
Support from the broader market would be needed, however, for Ethereum to break out form Friday’s high $349.74.
Barring an extended crypto rally, the first major resistance level should cap any upside.