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Most of the cryptocurrencies are again rising, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has gone up by 2.71% over the past 24 hours.
On the hourly chart, the rate of ETH is testing the support level of $4,088. If it breaks out, traders may witness a test of the $4,050 zone soon.
On the longer time frame, one should focus on the daily candle's closure in terms of yesterday's bar's high.
If it happens near $4,150, growth may continue to the $4,200-$4,300 area over the next few days.
From the midterm point of view, the rate of the main altcoin has made a false breakout of the $4,060 level. However, one should pay attention to the weekly bar's closure in terms of that mark. If it happens below it, the accumulated energy might be enough for an ongoing correction to the $3,800 zone.
Ethereum is trading at $4,107 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team