The cryptocurrencies experienced a turbulent week. Most of them ended the session in the red until gaining moderately at the end of Friday’s session. Bitcoin finished the week a little recovered after the significant losses.
Ethereum also gained insignificantly. However, it fell by 7.81% on Sunday. Following on from a 0.42% loss on Saturday, the crypto ended the week down by 0.74% at $122.42.
While Ethereum managed to rise to a mid-morning intraday high $137.38 due to a relatively bullish start on Monday, it hit reverse soon. The crypto couldn’t clear the first major resistance level at $138.34. As a result, Ethereum plummeted down to a final hour intraday low at $120.90.
Ethereum avoided the second major support level at $120.29 while falling through the first major support level at $126.54. The crypto was up by 0.62% to $123.18 at last. It left the major support and resistance levels untested so far.
EOS was low on Monday. How does the Ripple’s XRP fare?
EOS also declined by 6.31% on Sunday. The crypto ended the week up 4.08% to $2.1356, reversing a 3.54% gain from Saturday. After the bullish start of the day, EOS hit a mid-morning intraday high at $2.3950 before falling again.
It came up against the first major resistance level at $2.3923. However, EOS plummeted down to a final hour intraday low at $2.0984. The crypto ended the day in the red. On Monday morning, EOS was down by 0.25% to $2.1302.
Ripple’s XRP gained 0.77% on Saturday, but it lowered by 6.47% on Sunday, ending the week down 3.68% at $0.14795.
It traded on Monday morning with a bullish start along Ethereum and EOS. Ripple’s XRP hit a mid-morning intraday high at $0.16200 before reversing the course.
The crypto fell short of the first major resistance level at $0.1634 and slid to a final hour intraday low $0.14641. However, it found support at the second major support level at $0.1467. So far, Ripple’s XRP rose by 0.94% to $0.14934.
- Trading Instrument