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 rates of most of the coins are rising today, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has gone up by 3.18% over the last 24 hours.
On the hourly chart, the rate of ETH has made a false breakout of the local resistance of $2,834.
However, if the daily candle closes near that mark or above, the upward move may continue to the $2,900 range soon.
On the bigger time frame, the price of the main altcoin is far from the main levels. The volume has declined, which means traders are unlikely to see sharp moves by the end of the week.
From the midterm point of view, one should pay attention to the weekly bar closure in terms of the $2,857 level. If a false breakout happens, traders may see a local bounce back to the $3,000-$3,200 zone.
Ethereum is trading at $2,817 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team