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The market is neutral at the end of the week, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has increased by 0.28% over the last 24 hours.
On the hourly chart, the rate of ETH is in the middle of the local channel. As neither side is dominating, there are low chances to see sharp moves by tomorrow.
On the bigger time frame, the situation is similar as the price of the main altcoin is far from the support and resistance levels.
The volume has declined, which means traders are unlikely to witness increased volatility soon.
From the midterm point of view, the price of ETH is in the middle of the wide channel. As neither bulls nor bears have seized the initiative, there are low chances to see sharp moves next week.
Ethereum is trading at $3,881 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team