The crypto market has been volatile during the last weeks, experiencing lots of ups and downs.
Most of the major cryptos collapsed until rising moderately at the end of Friday’s session.
Ethereum dropped down by 7.81% on Sunday. The crypto ended the week down by 0.74% at $122.42. However, it managed to rise to a mid-morning intraday high $137.38 due to a relatively bullish start on Monday until hitting reverse soon.
The digital currency couldn’t come over the first major resistance level at $138.34 and tumbled down to a final hour intraday low at $120.90. Furthermore, Ethereum avoided the second major support level at $120.29 after falling through the first major support level at $126.54.
Even though the crypto fluctuated all day, it finished the session up by 0.62% to $123.18. But Ethtreum left the major support and resistance levels untested.
What about Ripple’s XRP and EOS?
Ripple’s XRP started Monday morning with a bullish trade along Ethereum and EOS. Before reversing the course, the crypto hit a mid-morning intraday high at $0.16200.
It fell short of the first major resistance level at $0.1634 and slid to a final hour intraday low $0.14641. Nonetheless, crypto found support at the second major resistance level at $0.1467. So far, Ripple’s XRP rose by 0.94% to $0.14934.
However, before rising again, Ripple’s XRP fell by 6.47% on Sunday, ending the week down by 3.68% at $0.14795.
EOS also dropped down by 6.31% on Sunday. Reversing a 3.54% gain from Saturday, crypto ended the week up 4.08% to $2.1356. EOS hit a mid-morning intraday high at $2.3950 before falling again.
Furthermore, the crypto came up against the first major resistance level at $2.3923. But EOS tumbled down to a final hour intraday low at $2.0984. In the end, EOS traded in the red. On Monday morning, crypto was down by 0.25% to $2.1302.
- Trading Instrument