EOS is reportedly one of the most well-funded projects, after holding a year-long public sale in a Dutch Auction format. EOS was sold in weekly periods, managing to raise up to $4.2B in ETH.

EOS price analysis EOS is trying to complete a bullish cup and handle formation. Buyers pushed the price above the 20-day EMA ($1.15) on March 29, starting a comeback. EOS/USDT daily chart.

The crypto community commented on previous ETH purchases, which were then sold at a loss. This led to questioning the intentions behind buying EOS,while betting on the project’s revival as Vaulta.

The EOS EVM contract is available on eosio.evm and a token bridge for transferring compatible Ethereum-based tokens to EOS is live on bridge-testnet2.trust.one.

For instance, someone who invested 1 Ethereum (ETH) may receive all 2 million EOS tokens on one day but only receive 200,000 EOS tokens the day after if 10 people had invested 1 ETH.

ETH/USDT 4-hour chart. Source: TradingView The pair bounced off the 50-SMA, indicating that bulls are buying on dips. The buyers will attempt to push the price to the overhead resistance at $1,700.