In This Article:
EOS
EOS slipped by 0.53% on Thursday. Partially reversing an 11.71% surge from Wednesday, EOS ended the day at $2.4651.
Another bearish start to the day saw EOS fall from an early morning high $2.4885 to a late morning intraday low $2.4145.
Steering clear of the first major support level at $2.2509, EOS bounced back to a late intraday high $2.5103.
Falling short of the first major resistance level at $2.6120, EOS fell back to sub-$2.47 levels to end the day in the red.
At the time of writing, EOS was down by 0.99%. A bearish 1st hour saw EOS fall from an early morning high $2.4681 to a low $2.4349.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.46 levels to support a run at the first major resistance level at $2.5121.
Support from the broader market would be needed, however, for EOS to break through $2.50 levels.
Barring a broad-based crypto rally, the first major resistance level would likely pin EOS back on the day.
Failure to move through to $2.46 levels could see EOS hit reverse. A fall through the morning low $2.4349 would bring the first major support level at $2.4163 into play.
Barring a crypto meltdown, however, EOS should steer clear of sub-$2.3 support levels. The second major support level at S2.3675 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $2.4163
Major Resistance Level: $2.5121
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 3.54% on Thursday. Partially reversing a 9.07% rally from Wednesday, Ethereum ended the day at $128.18.
Bearish through the morning, Ethereum fell from an early morning intraday high $134.11 to an early afternoon intraday low $125.68.
Steering well clear of the day’s major support and resistance levels, Ethereum managed to recover to $128 levels to limit the loss on the day.
At the time of writing, Ethereum was down by 0.94% to $126.97. A bearish start to the day saw Ethereum fall from an early morning high $128.64 to a low $126.25.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $129.5 levels to support a run at the first major resistance level at $132.97.
Support from the broader market would be needed for Ethereum to break out from the morning high $128.64.
Barring a broad-based crypto rally, however, Ethereum would likely fall short of Thursday’s high $134.11.
Failure to move through to $129.5 levels would bring the first major support level at $124.54 into play.