Cryptocurrencies

Ethereum rallied by 3.77% on Monday. What about EOS?

Ethereum skyrocketed by 3.77% on Monday, ending the day at $386.22. The crypto plunged to an early morning intraday low $366.34 before finding support. But after that, it rallied to an early afternoon intraday high $399.69.

 

However, Ethereum fell short of the first major resistance level at $416.22 and lowered to $382 levels again. Despite that, it found late support and rebounded to $386 levels again.

 

On Tuesday, Ethereum soared by 0.75% to $389.11. The crypto surged forward from an early morning low $386.20 to a high $389.98. But it left the major support and resistance levels untested so far. 

 

EOS also rallied by 3.58% on Monday, ending the day at $3.0463. The crypto tumbled down to an early morning intraday low $2.9022 at the beginning of the session. But after it steered clear of the first major support level at $2.4578, EOS jumped to a late afternoon intraday high $3.1185.

 

Furthermore, EOS fell short of the first major resistance level at $3.4546 and lowered to $3.01 levels. But after the crypto found late support, it rebounded to $3.04 levels, thus ending the day in the green. 

 

Related Post

On Tuesday, EOS soared by 0.67% to $3.0667. The crypto rose from an early morning low $3.0500 to a high $3.0667. Still, it left the major support and resistance levels untested.

 

How did Ripple’s XRP fare?

 

Ripple’s XRP gained 7.58% on Monday, ending the day at $0.30974. The crypto plummeted down to an early morning intraday low $0.28383. Then it steered clear of the first major support level at $0.2441. However, the crypto rallied to a late afternoon intraday high $0.31950.

 

Even though it fell short of the first major resistance level at $0.3287, Ripple’s XRP managed to break through the 23.6% FIB of $0.3134. It fell back to $0.3060 levels later, before ending the day at $0.3090 levels.

 

On Tuesday, Ripple’s XRP climbed up by 2.37% to $0.31707. The crypto surged from an early morning low $0.31016 to a high $0.31707. But it left the major support and resistance levels untested.

 

Recent Posts

USD/JPY Climbs to 155.30 on US Rate Prospects

Key Points: USD/JPY Rises to 155.30: Three days of gains, driven by expectations of sustained high US interest rates. Fed's…

6 hours ago

Understanding Crypto Market Cycles and Their Phases

Crypto Market cycles represent a fundamental aspect of trading in financial markets, encompassing periods between the peak and trough of…

1 day ago

Indian Economy Rise: Q1 at 7.8%, Q3 Peaks at 8.4%

Key Points: India's GDP growth has been impressive, with 7.8%, 7.6%, and 8.4% across the first three-quarters of FY24, surpassing…

1 day ago

Asian Stocks: Nikkei Down 1.63%, Kospi Up 0.39%

Key Points: Japan Stocks Steep Decline: Nikkei 225 fell by 1.63%; broader concerns impact major companies. Singapore's Mixed Results: The…

1 day ago

Market Watch: Ethereum Descends Below $3,100

Key Points: Ethereum has faced a dip, hitting a low of $3,005 after dropping from a high of $3,220, currently…

1 day ago

Gold Prices Dip to $2,322.65 Amid Policy Shifts

Key Points: Gold spot prices are slightly down at $2,322.65 an ounce amidst Middle East tensions. Futures prices are steadier,…

1 day ago

This website uses cookies.