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.
Bulls are refusing to give up, according to the CoinMarketCap ranking.
ETH/USD
Ethereum (ETH) is outperforming most of the other coins, adding roughly 4.38%.
Ethereum (ETH) is trying to test the resistance level at $1,678 once again after the false breakout of the support level at $1,639. If the price remains above $1,650, the rise may lead to a sharp rise to the $1,700 mark soon.
Ethereum (ETH) has started the day with the rise as the leading altcoin might have accumulated enough strength for growth.
Denys SerhiichukIf the volume remains at the same level or increases, bulls may keep the upward move to the area above $1,700 within days.
Ethereum (ETH) has bounced off the $1,600 zone which means that bulls are more powerful than bears at the moment. Respectively, the next level where sellers may come back to the game is the resistance at $1,721. All in all, the test of the $1,700 mark is just a matter of time.
Ethereum is trading at $1,665 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin