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.
Bulls could not hold the initiative for a long time and, again, most of the coins are in the red zone.
ETH/USD
Ethereum (ETH) is more of a loser than Bitcoin (BTC), falling by almost 2% over the last 24 hours.
On the hourly chart, Ethereum (ETH) is trading in the middle of a narrow range, between the support at $1,187 and the resistance at $1,197.
Denys SerhiichukIf the bar closes near the $1,197 mark, bulls might again test the $1,200 zone tomorrow.
On the bigger time frame, traders should pay attention to the interim support level at $1,196.50. If the daily bar closes below it, the fall may continue to another level at $1,182.
Ethereum (ETH) is also bearish on the chart against Bitcoin (BTC), as the price is coming back to the support at 0.071493. If the breakout occurs, the decline may lead to the test of the 0.071 area until the end of the week.
Ethereum is trading at $1,195 at press time.
Tomiwabold Olajide
Yuri Molchan
Dan Burgin
Alex Dovbnya
Vladislav Sopov