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Most of the coins have returned to the green zone; however, there are some exceptions to the rule, according to CoinStats.
ETH/USD
Unlike other cryptocurrencies, the rate of Ethereum (ETH) has declined by 0.48% since yesterday.
Despite today's fall, the price of ETH is looking bullish on the hourly chart. The rate of the main altcoin is trying to fix above the resistance at $2,335.
If it happens, the upward move is likely to continue to the $2,400 zone tomorrow.
On the longer time frame, the rate of ETH has made a false breakout of yesterday's bar's low at $2,222. If bulls' pressure continues and the candle closes far from that mark, one can expect a bounce off to the $2,500 zone shotrly.
From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $2,152 level. If it happens far from it, there is a possibillty of seeing a correction to the $2,500-$2,600 range.
Ethereum is trading at $2,370 at press time.
Denys Serhiichuk
Gamza Khanzadaev
Tomiwabold Olajide