In This Article:
EOS
EOS slid by 5.78% on Thursday. Partially reversing an 8.55% rally from Wednesday, EOS ended April up by 27.59% to $2.8263.
A bullish start to the day saw EOS rally to a mid-morning intraday high $3.1104 before hitting reverse.
Falling short of the first major resistance level at $3.1491, EOS slid to a late morning intraday low $2.7409.
The reversal saw EOS fall through the first major support level at $2.8019 before recovering to $2.90 levels.
Through the 2nd half of the day, EOS fell back through the first major support level to $2.77 levels before finding late support.
At the time of writing, EOS was up by 0.73% to $2.8469. A bullish start to the day saw EOS rise from an early morning low $2.8258 to a high $2.8531.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.8930 levels to support a run at the first major resistance level at $3.0442.
Support from the broader market would be needed, however, for EOS to break back through to $3.00 levels.
Barring another extended crypto rally, the first major resistance level and Thursday’s high $3.1104 would likely limit any upside.
Failure to move through to $2.8930 levels could see EOS hit reverse.
A fall through to sub-$2.80 levels would bring the first major support level at $2.6746 into play before any recovery.
Barring a crypto sell-off, however, EOS should steer well clear of the second major support level at $2.5229.
Looking at the Technical Indicators
Major Support Level: $2.6746
Major Resistance Level: $3.0442
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 4.41% on Thursday. Partially reversing a 9.67% rally from Wednesday, Ethereum ended the month of April up by 54.97% to $206.23.
A bullish start to the day saw Ethereum rally to a mid-morning intraday high $227.50 before hitting reverse.
Ethereum broke through the first major resistance level at $224.62 before sliding to a late afternoon intraday low $202.30.
Steering clear of the first major support level at $201.67, Ethereum recovered to $213 levels before sliding back into the deep red.
At the time of writing, Ethereum was up by 1.37% to $209.06. A bullish start to the day saw Ethereum rise from an early morning low $206.18 to a high $209.31.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $212 levels to support a run at the first major resistance level at $221.72.
Support from the broader market would be needed, however, for Ethereum to break back through to $220 levels.