Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The weekend has started with continued bulls' dominance. However, there are some exceptions. Mainly, the rate of Solana (SOL) has dropped by 2.68%.
ETH/USD
The rate of Ethereum (ETH) has increased by 0.40% over the last 24 hours.
On the daily chart, Ethereum (ETH) is still trading in the wide channel with no bearish or bullish signals. The volatility has declined, which means that the main altcoin keeps accumulating power for a further sharp move.
Denys SerhiichukFurther growth might only be possible if the rate returns to the $1,400 zone.
Ethereum is trading at $1,327 at press time.
ETC/USD
The rate of Ethereum Classic has also risen, going up by 0.78% since yesterday.
Ethereum Classic (ETC) is looking worse than Ethereum (ETH) as the price is returning to the support level at $27. In this case, the more likely scenario is a sharp drop to the $26 area by mid-October.
Ethereum Classic is trading at $27.72 at press time.
Tomiwabold Olajide
Yuri Molchan
Dan Burgin
Alex Dovbnya
Vladislav Sopov