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 have continued their growth today as most of the coins are trading in the green zone.
ETH/USD
Ethereum (ETH) remains one of the biggest gainers, going up by 5% over the last day.
On the hourly chart, Ethereum (ETH) is looking bearish after a failed attempt to break the resistance level at $1,651. If sellers' pressure continues, the fall may continue to the $1,560 mark very soon.
On the daily time frame, the situation is unclear as the price is located within yesterday's candle. If buyers want to seize the initiative, the growth should lead to the test of the zone of $1,650-$1,700. Only in this case, there are chances to see a midterm bull run by the leading altcoin.
On the weekly chart, Ethereum (ETH) has made a false breakout of the $1,647 mark, showing that bulls might face some difficulties ahead of the growth. However, if bulls can return the rate by the end of Saturday to $1,650, the upcoming week might be bullish for ETH.
Ethereum is trading at $1,609 at press time.
Yuri Molchan
Alex Dovbnya
