In This Article:
EOS
EOS slid by 7.68% on Sunday. Following on from an 11.38% tumble on Saturday, EOS ended the day at $4.3850.
A bullish start to the day saw EOS rise to an early morning intraday high $4.8500 before hitting reverse.
Falling short of the first major resistance level at $5.2561, EOS slid to a late afternoon intraday low $4.0500.
EOS fell through the first major support level at $4.3749 before recovering to $4.38 levels late in the day.
At the time of writing, EOS was down by 4.66% to $4.1807. A bearish start to the day saw EOS fall from an early morning high $4.4002 to a low $4.1230.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $4.43 levels to support a run at the first major resistance level at $4.8067.
Support from the broader market would be needed, however, for EOS to break out from the early morning high $4.4002.
Barring a broad-based crypto rebound, resistance at $4.50 levels would likely leave EOS short of the first major resistance level.
Failure to move through to $4.43 levels could see EOS struggle throughout the day.
A fall back through the morning low $4.1230 would bring the first major support level at $4.0067 into play.
Barring an extended crypto sell-off, however, EOS should steer of sub-$4.00 levels.
Looking at the Technical Indicators
Major Support Level: $4.0067
Major Resistance Level: $4.8067
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum fell by 2.39% on Sunday. Following on from a 7.35% slide on Saturday, Ethereum ended the day at $258.50.
A bullish start to the day saw Ethereum rise to an early morning intraday high $274.00 before hitting reverse.
Falling short of the first major resistance level at $282.83, Ethereum tumbled to a late afternoon intraday low $236.37.
The sell-off saw Ethereum slide through the first major support level at $254.18 and the second major support level at $243.44.
Of greater significance, however, was a fall through the 23.6% FIB of $257.
Finding support late in the day, Ethereum broke back through the major support levels and 23.6% FIB to wrap up the day at $258 levels.
At the time of writing, Ethereum was down by 3.21% to $250.21. A bearish start to the day saw Ethereum fall from an early morning high $261.50 to a low $246.50.
While leaving the major support and resistance levels untested, Ethereum fell through the 23.6% FIB of $257.00.
For the day ahead
Ethereum would need to move back through to $256.50 levels to bring the first major resistance level at $276.21 into play.