In This Article:
EOS
EOS rallied by 7.50% on Monday. Reversing a 6.31% slide from Sunday, EOS ended the day at $2.2962.
A mixed start to the day saw EOS slide to an early morning intraday low $2.0632 before making a move.
Steering clear of the first major support level at $2.0243, EOS rallied to an early afternoon intraday high $2.3550.
EOS broke through the first major resistance level at $2.3209 before sliding back to $2.20 levels.
Steering clear of sub-$2.20 levels, EOS found support to visit $2.30 levels before wrapping up the day at $2.29 levels.
The first major resistance level at $2.3209 limited the upside late in the day.
At the time of writing, EOS was up by 0.91% to $2.3170. A mixed start to the day saw EOS fall to an early morning low $2.2821 before striking a high $2.3450.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through the morning high $2.3450 to bring the first major resistance level at $2.4131 into play.
Support from the broader market would be needed, however, for EOS to break out from Monday’s high $2.3550.
Barring another extended rally, the first major resistance level at $2.4131 would likely limit any upside.
Failure to move through the morning high $2.3450 could see EOS hit reverse.
A fall back through to sub-$2.2400 levels would bring the first major support level at $2.1213 back into play.
Barring another crypto meltdown, however, EOS should steer well clear of $2.00 support levels.
Looking at the Technical Indicators
Major Support Level: $2.1213
Major Resistance Level: $2.4131
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rallied by 12.01% on Monday. Reversing a 7.81% slide from Sunday, Ethereum ended the day at $137.0.
A mixed start to the day saw Ethereum fall to an early morning intraday low $119.20 before making a move.
Steering clear of the first major support level at $116.42, Ethereum rallied to an early afternoon intraday high $138.00.
Ethereum broke through the first major resistance level at $132.90 before falling back to $127 levels.
Finding support late on, however, Ethereum broke back through the first major resistance level to end the day at $137.
At the time of writing, Ethereum was down by 1.14% to $135.44. A mixed start to the day saw Ethereum rise to an early morning high $138.58 before falling to a low $134.35.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through to $138 levels to support a run at the first major resistance level at $143.60.