In This Article:
EOS
EOS rose by 0.12% on Monday. Following on from a 1.76 gain on Sunday, EOS ended the day at $2.7431.
A bullish start to the day saw EOS rally to an early morning intraday high $2.8181 before hitting reverse.
EOS broke through the first major resistance level at $2.7900 before sliding back to an early afternoon intraday low $2.6782.
EOS fell through the first major support level at $2.6851 before a late recovery to $2.74 levels.
At the time of writing, EOS was down by 1.42% to $2.7040. A bearish start to the day saw EOS fall from an early morning high $2.7423 to a low $2.7034.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.7470 levels to support a run at the first major resistance level at $2.8147.
Support from the broader market would be needed, however, for EOS to break back through to $2.80 levels.
Barring another extended crypto rally, resistance at $2.80 would likely leave EOS short of the first major resistance level.
Failure to move through to $2.7470 levels could see EOS struggle throughout the day.
A fall through to sub-$2.70 levels would bring the first major support level at $2.6748 into play before any recovery.
Barring a crypto sell-off, however, EOS should steer well clear of the second major support level at $2.6066.
Looking at the Technical Indicators
Major Support Level: $2.6748
Major Resistance Level: $2.8147
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 0.52% on Monday. Partially reversing a 1.75% gain from Sunday, Ethereum ended the day at $196.78. It was Ethereum’s first day in the red since 20th April…
A mixed start to the day saw Ethereum rise to an early morning intraday high $199.41 before hitting reverse.
Falling short of the first major resistance level at $201.04, Ethereum tumbled to an early afternoon intraday low $189.60.
Falling through the first major support level at $193.58, Ethereum found support at the second major support level at $189.33.
Late in the day, Ethereum recovered to $196 levels to limit the downside on the day.
At the time of writing, Ethereum was down by 1.87% to $193.11. A bearish start to the day saw Ethereum fall from an early morning high $196.99 to a low $192.70.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $195.30 levels to support a run at the first major resistance level at $200.93.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $199.41.