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The middle of the week has turned out to be bullish for most of the coins, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has gone up by 3.42% since yesterday.
On the hourly chart, the price of ETH is near the local resistance of $4,329. If the daily bar closes around that mark, the upward move is likely to continue to the $4,400 zone.
On the longer time frame, the rate of the main altcoin has broken the resistance of $4,235.
If bulls can hold the initiative, and the candle closes around the current prices or above them, the accumulated energy might be enough for a move to the $4,400-$4,500 range.
From the midterm point of view, the price of ETH is far from key levels. Thus, the volume is low, which means there are low chances of seeing sharp moves over the next few weeks.
Ethereum is trading at $4,300 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team