EOS is in a strong downtrend. After a day’s pullback, the fall has resumed and the price has made a new year-to-date low. The next support on the downside is at $2.4.
The failure of the EOS/USD pair to breakout of the downtrend line shows that the bears are in command. The traders should wait for the digital currency to put in a bottom and show signs of stabilizing before going long.