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The market is turning back to red, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has fallen by 0.41% over the last 24 hours.
On the hourly chart, the price of ETH is rising after a false breakout of the local support of $3,874. If the daily bar closes near the resistance, one can expect ongoing growth to the $3,980-$4,000 area over the weekend.
On the daily time frame, the rate of the main altcoin is going up. At the moment, one should pay attention to the nearest vital zone of $4,000.
Denys SerhiichukIf its breakout happens, traders may witness a test of the resistance of $4,087 soon.
A bullish picture can be seen on the weekly chart. If the candle closes around the $4,093 level, the accumulated energy might be enough for a blast to the $4,400 zone.
Ethereum is trading at $3,944 at press time.
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.
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