In This Article:
EOS
EOS fell by 0.62% on Tuesday. Partially reversing a 5.27% rally from Monday, EOS ended the day at $2.2159.
A bearish month saw EOS tumble by 37.27%. The sell-off reversed gains from early in the year to end the quarter down by 14.45%.
A relatively bullish start to the day saw EOS rise to an early morning intraday high $2.2614 before hitting reverse.
Falling short of the first major resistance level at $2.3069, EOS slid to a late morning intraday low $2.1860.
Steering clear of the first major support level at $2.1375, EOS recovered to $2.25 levels before a late pullback into the red.
At the time of writing, EOS was up by 0.02% to $2.2163. A mixed start to the day saw EOS fall from an early morning high $2.2255 to a low $2.1920.
EOS left the major support and resistance levels untested early on.
For the day ahead
EOS would need to move through to $2.2175 levels to support a run at the first major resistance level at $2.2487.
Support from the broader market would be needed, however, for EOS to break out from the morning high $2.2255.
Barring an extended crypto rally, the first major resistance level would likely limit any upside.
Failure to move back through to $2.2175 levels could see EOS hit reverse.
A fall back through to sub-$2.20 levels would bring the first major support level at $2.1845 into play.
Barring an extended crypto sell-off, however, EOS should steer clear of sub-$2.10 levels. The second major support level at $2.1532 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $2.1845
Major Resistance Level: $2.2487
23.6% FIB Retracement Level: $6.62
38% FIB Retracement Level: $9.76
62% FIB Retracement Level: $14.82
Ethereum
Ethereum rose by 0.59% on Tuesday. Following on from a 6.34% rally on Monday, Ethereum ended the day at $133.08.
A bearish month saw Ethereum slide by 38.77%. In spite of the sell-off, Ethereum gained 3.53% in the 1st quarter.
Tracking the broader market, Ethereum rose to an early morning high $134.33 before hitting reverse.
Falling short of the major resistance levels, Ethereum fell to a mid-morning intraday low $130.45 before finding support.
Steering clear of the first major support level at $125.75, Ethereum struck a late intraday high $135.35 before easing back.
In spite of the breakout, Ethereum fell short of the first major resistance level at $137.18.
At the time of writing, Ethereum was down by 0.11% to $132.94. A mixed start to the day saw Ethereum fall from an early morning high $133.62 to a low $131.13.
Ethereum left the major support and resistance levels untested early on.