EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/04/20

By April 4, 2020Ethereum
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EOS

EOS rose by 1.69% on Friday. Following on from a 1.28% gain on Thursday, EOS ended the day at $2.3342.

A bullish start to the day saw EOS rise to a late morning intraday high $2.3883 before hitting reverse.

Falling short of the first major resistance level at $2.4690, EOS fell to a late afternoon intraday high $2.2720.

Steering well clear of the first major support level at $2.1909, EOS recovered to $2.30 levels to end the day in the green.

At the time of writing, EOS was down by 0.78% to $2.3159. A mixed start to the day saw EOS rise to an early morning high $2.3471 before falling to a low $2.3000.

EOS would need to move through to $2.33 levels to support a run at the first major resistance level at $2.3910.

Support from the broader market would be needed, however, for EOS to break out from Friday’s high $2.3883.

Barring an extended crypto rally, resistance at $2.40 would likely leave EOS short of the second major resistance level at $2.4478.

Failure to move back through to $2.33 levels could see EOS fall deeper into the red.

A fall back through the morning low $2.30 would bring the first major support level at $2.2747 into play.

Barring an extended crypto sell-off, however, EOS should continue to steer clear of the second major support level at $2.2152.

Major Support Level: $2.2747

Major Resistance Level: $2.3910

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum rose by just 0.04% on Friday. Following on from a 3.96% rally on Thursday, Ethereum ended the day at $141.54.

Tracking the broader market, Ethereum rallied to a late morning intraday high $144.79 before hitting reverse.

Falling short of the first major resistance level at $149.50, Ethereum slid to a late afternoon intraday low $138.00.

Steering clear of the first major support level at $134.56, Ethereum found late support from the broader market to end the day flat.

At the time of writing, Ethereum was down by 0.52% to $140.8. A mixed start to the day saw Ethereum rise to an early morning high $142.45 before falling to a low $139.04.

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

EOS rose by 1.69% on Friday. Following on from a 1.28% gain on Thursday, EOS ended the day at $2.3342.

A bullish start to the day saw EOS rise […]

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