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.
Most of the coins are trying to keep rising, according to the CoinMarketCap ranking.
The rate of Ethereum (ETH) has risen by 4.37% over the past 24 hours.
The day has started with the false breakout of the support level at $1,215.30. At the moment, one should pay attention to the resistance at $1,281.20. If the bar closes near it, one can expect a rise to the $1,300 zone by the end of the week.
On the bigger time frame, the price has broken the $1,233 level. If buyers can hold the gained initiative and the volume remains the same or rises, the growth may continue to the nearest resistance zone at $1,320-$1,360 soon.
The price of Ethereum (ETH) has also risen against Bitcoin (BTC) on the daily chart. If the candle closes with no long wicks and near the 0.075638 mark, the accumulated energy might be enough for an upward move to the 0.077-0.079 zone until mid-December.
Ethereum is trading at $1,264 at press time.