EOS Price Analysis: Is This Fresh Reversal To $2.8 or $3.0

The price traded below the $2.300 level and the 55 simple moving average (4-hours). The 76.4% Fib retracement level of the downward move from the $2.373 high to $2.091 low is also acting as a resistance.

Therefore, a clear break above the $2.300 level might lead the price towards the key $2.400 resistance area. Looking at the chart, EOS price is currently gaining traction above $2.225 and it is likely to surpass the $2.300 and $2.400 resistance levels.

Timeline of Eos