In March, EOS/ETH broke above the downtrend and has reached the ETH 0.033 high. The current corrected resulted in a 55% decline, and EOS is currently trading at the level of 0.015.
The price stands right at the uptrend , not to mention that EOS/ETH failed to break below the 200 Moving Average with confidence. The trend remains but it is hard to say when the correction will end and uptrend will continue.
EOS investors should watch the eth 0.018 resistance and 0.014 support levels for a breakout, since this price action could establish the medium term trend. Break below the support might result in further correction towards the 0.008 support, while break above the resistance should present the buying opportunity and price is likely to reach the previous high at 0.033.