- EOS broke above the supply area between $4.25 and $4.50 igniting gains above $5.00.
- A correction in the $6.00 supply area will place EOS on continued upward momentum.
The medium-term outlook for EOS/USD is bullish. Following the break above the supply zone between $4.25 and $4.50, an engulfing candle spiked above $5.0 forming a high around $5.49 on Tuesday.