Cryptocurrencies

Ethereum and EOS traded on bearish territory on Tuesday

Ethereum declined by 0.97% on Tuesday, ending the day at $239.37. The crypto soared to an early morning intraday high of $243.82 after a mixed start of the day. But it fell short of the first major resistance level at $246.73 and tumbled down to a late morning intraday low of $234.55.

Furthermore, Ethereum steered clear of the first major support level at $231.82. Still, the crypto rebounded to $240 levels before pulling back to $236 levels. It also found late support, and wrapped up the day at $239 levels, limiting the loss on the day.

On Wednesday, Ethereum tumbled down by 0.07% to $239.20. After a mixed start of the day, the crypto hit an early morning high of $239.68 before plunging to a low of$239.19.

EOS also lost 2.14% on Tuesday, ending the day at $2.5605. The crypto surged forward to an early morning intraday high of $2.6308 before reversing course. It fell short of the first major resistance level at $2.7031 and plummeted down to a late morning intraday low of $2.5264.

However, EOS avoided the first major support level at $2.4665. It recovered to $2.57 levels later in the day before pulling back.

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On Wednesday, EOS climbed up by 0.20% to $2.5655. After a bullish start of the day, the crypto jumped from an early morning low of $2.5629 to a high of $2.5681.

 

How did Ripple’s XRP fare?

Ripple’s XRP dropped by 1.93% on Tuesday, ending the day at $0.18543. The crypto soared to an early morning intraday high of $0.18999 before reversing course. It also fell short of the first major resistance level at $0.1934 and tumbled down to a late intraday low of $0.18320.

XRP steered clear of the first major support level at $0.1806, but it rebounded to $0.1850 levels, limiting the downside.

On Wednesday, Ripple’s XRP fell by 0.26% to $0.18495. After a bearish start of the day, the crypto dropped from an early morning high of $0.18539 to a low of $0.18495.

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