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The market remains mainly in the green zone, according to CoinMarketCap.
ETH/USD
Ethereum (ETH) is one of the biggest gainers today, rising by 6.15%.
On the hourly chart, the rate of ETH is going down after a false breakout of the resistance of $3,478. If sellers' pressure continues, one can expect an ongoing decline to the support by tomorrow.
On the bigger time frame, traders should focus on the daily bar's closure in terms of the $3,425 level.
If it happens far from it, bears may seize the initiative, which may lead to a drop to the $3,300 range.
From the midterm point of view, the rate of the main altcoin has tested the $3,453 resistance. If bulls can hold the gained initiative and keep the price near that mark, there is a chance to see a level breakout, followed by a further rise to the $3,750-$4,000 range.
Ethereum is trading at $3,403 at press time.
Vladislav Sopov
U.Today Editorial Team