Cryptocurrencies

Ethereum and EOS declined Thursday after rallying recently

Ethereum skyrocketed by 5.26% on Wednesday, ending the day at $199.92. The crypto jumped to an early morning high of $191.68 before reversing its course. However, Ethereum dropped to a late morning intraday low of $188.36 after falling short of the first major resistance level at $193.40.

The crypto steered clear of the first major support level at $186.30. However, it rallied to a late intraday high of $201.59 afterwards. Furthermore, Ethereum managed to break through the first major resistance level at $193.40, as well as the second major resistance level at $196.69. Despite that, the crypto pulled back later and ended the day at levels below $200.

On Thursday, Ethereum fell by 0.28% to $199.36. After a mixed start of the day, the crypto rose to an early morning high of $201.27 before dropping to a low of $198.83. It left the major support and resistance levels untested so far, as well.

EOS also rallied by 3.77% on Wednesday, ending the day at $2.5261. The crypto hit an early morning high of $2.4647 before lowering again. It fell short of the first major resistance level at $2.4703 and tumbled down to a late morning intraday low of $2.4206.

However, EOS skyrocketed to a late intraday high of $2.5600 after steering clear of the first major support level at $2.3996. The crypto broke through the first major resistance level at $2.4703, as well as the second major resistance level at $2.5032.

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EOS dropped by 0.08% to $2.5240 on Thursday. While it rose to an early morning high of $2.5320, the crypto fell to a low of $2.5167 soon thereafter.

What about Ripple’s XRP?

Ripple’s XRP climbed up by 2.53% on Wednesday, ending the day at $0.2019. The crypto rose to an early morning high of $0.19949 before tumbling to a late morning intraday low of $0.19589.

XRP rebounded to a late intraday high of $0.20430 after steering clear of the first major support level at $0.1922.The crypto managed to break through the first major resistance level at $0.2008, ending the day at levels around $0.20.

On Thursday, Ripple’s XRP decreased by 0.29% to $0.20131. However, it rose to an early morning high of $0.20298 before falling to a low of $0.20102.

Tags: Ethereum

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