In This Article:
EOS
EOS slipped by 0.21% on Saturday. Following on from a 2.56% fall on Friday, EOS ended the month down by 15.30% to $3.5233.
A bullish start to the day saw EOS rise to a mid-morning intraday high $3.6687 before hitting reverse.
Falling short of the first major resistance level at $3.6888, EOS fell to an early afternoon intraday low $3.5165.
Steering clear of the first major support level at $3.3611, EOS recovered to $3.62 levels before a late fall back into the red.
At the time of writing, EOS was up by 2.4% to $3.6079. A mixed start to the day saw EOS fall to an early morning low $3.5083 before striking a high $3.6334.
Steering clear of the major support levels, EOS broke through the first major resistance level at $3.6222 early on.
For the day ahead
EOS would need to break back through the first major resistance level at $3.6222 to bring $3.7 levels into play.
Support from the broader market would be needed, however, for EOS to break out from Saturday’s high $3.6687.
Barring a broad-based crypto rally, the first major resistance level would likely leave EOS short of $3.70 levels once more.
Failure to move back through the first major resistance level could see EOS fall back into the red.
A fall back through to sub-$3.57 levels would bring the first major support level at $3.4709 into play.
Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.30 levels.
The second major support level at $3.4185 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $3.4709
Major Resistance Level: $3.6222
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum slid by 4.32% on Saturday. Following on from a 0.10% decline on Friday, Ethereum ended the month up by 20.92% to $217.31.
A bullish start to the day saw Ethereum strike a mid-morning intraday high $233.32 before hitting reverse.
Falling short of the first major resistance level at $236.97, Ethereum slid to a final hour intraday low $216.83.
The reversal saw Ethereum fall through the first major support level at $215.7 before finding support.
At the time of writing, Ethereum was up by 2.52% to $222.78. A mixed start to the day saw Ethereum fall to an early morning low $215.99 before striking a high $225.78.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to break back through the morning high $225.78 to bring the first major resistance level at $228.14 back into play.
Support from the broader market would be needed, however, for Ethereum to break out from $225 levels.