EOS

EOS fell by 0.87% on Wednesday. Following on from a 2.28% slide on Tuesday, EOS ended the day at $3.6052.

A relatively bullish start to the day saw EOS rise to an early morning intraday high $3.6845 before hitting reverse.

Falling short of the first major resistance level at $3.7243, EOS slid to a late afternoon intraday low $3.5328.

EOS fell through the first major support level at $3.5622 before finding support to wrap up the day at $3.60 levels.

At the time of writing, EOS was up by 1.44% to $3.6572. A bullish start to the day saw EOS rise from an early morning low $3.6070 to a high $3.6721.

EOS left the major support and resistance levels untested early on.

For the day ahead

EOS would need to move back through the morning high $3.6721 to bring the first major resistance level at $3.6822 into play.

Support from the broader market would be needed, however, for EOS to break back through to $3.68 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $3.6845 should limit any upside.

Failure to move back through the morning high $3.6721 could see EOS hit reverse.

A fall back through to sub-$3.6080 levels would bring the first major support level at $3.5305 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of sub-$3.50 support levels.

Looking at the Technical Indicators

Major Support Level: $3.5305

Major Resistance Level: $3.6822

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by 0.38% on Wednesday. Partially reversing a 3.61% slide from Tuesday, Ethereum ended the day at $224.56.

Tracking the broader market, Ethereum rose to an early morning intraday high $228.83 before hitting reverse.

Falling short of the first major resistance level at $231.11, Ethereum slid to a late afternoon intraday low $220.39.

Steering clear of the first major support level at $218.19, Ethereum recovered to $224 levels to end the day in the green.

At the time of writing, Ethereum was up by 1.16% to $227.17. A bullish start to the day saw Ethereum rise from an early morning low $224.49 to a high $228.45.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move back through to $228 levels to support another run at the first major resistance level at $228.80.

Support from the broader market would be needed, however, for Ethereum to breakout form the morning high $228.45.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $228.83 would likely limit any upside.