In This Article:
EOS
EOS fell by 0.92% on Sunday. Reversing a 0.46% gain from, Saturday, EOS ended the week down by 2.09% to $2.5166.
A bullish start to the day saw EOS rise to an early morning intraday high $2.5601 before hitting reverse.
Falling short of the first major resistance level at $2.5804, EOS slid to a late morning intraday low $2.5140.
Steering clear of the first major support level at $2.4767, EOS briefly recovered to $2.52 levels before sliding back.
At the time of writing, EOS was up by 0.13% to $2.5199. A mixed start to the day saw EOS fall to an early morning low $2.5134 before rising to a high $2.5212.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the $2.53 pivot level to support a run at the first major resistance level at $2.5465.
Support from the broader market would be needed, however, for EOS to break out from $2.53 levels.
Barring an extended crypto rally, the first major resistance level at $2.5465 would likely limit any upside.
Failure to move through the $2.53 pivot could see EOS struggle on the day.
A fall through to sub-$2.51 levels would bring the first major support level at $2.5004 into play.
Barring an extended sell-off, EOS should avoid the second major support level at $2.4841 however.
Looking at the Technical Indicators
Major Support Level: $2.5004
Major Resistance Level: $2.5465
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.43% on Sunday. Reversing a 0.06% gain from Saturday, Ethereum ended the week down by 1.53% to $227.81.
A bullish start to the day saw Ethereum rise to an early morning intraday high $231.29 before hitting reverse.
Coming up against the first major resistance level at $231.15, Ethereum slid to a late intraday low $226.86.
Steering clear of the first major support level at $225.98, a recovery to $227 levels limited the loss on the day.
At the time of writing, Ethereum was up by 0.10% to $228.04. A mixed start to the day saw Ethereum fall to an early morning low $227.20 before rising to a high $228.07.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $229 pivot to support a run at the first major resistance level at $230.12.
Support from the broader market would be needed, however, for Ethereum to break out from $228 levels.
Barring an extended crypto rally, the first major resistance level at $230.12 and Sunday’s high should cap any upside.
Failure to move through the $229 pivot could see Ethereum spend the day in the red.