orange eggs?

orange eggs?

Observation - orange eggs?. Description: Orange oval egg like structures on sycamore tree in urban area (alongside canal). two dark round structrues below - are they related? if not egg from invertebrate is it some kind of fungus?

Orange oval egg like structures on sycamore tree in urban area (alongside canal). two dark round structrues below - are they related? if not egg from invertebrate is it some kind of fungus?