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Bears have come back to the game, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has declined by 0.19% since yesterday.
On the hourly chart, the rate of ETH is falling and there are no reversal signals yet. If the daily candle closes near $2,913, the fall is likely to continue to the $2,900 zone tomorrow.
On the bigger time frame, the price of Ethereum (ETH) is going down after a failed attempt to fix above the $3,000 zone.
If buyers cannot come back to the game soon, the breakout of $2,900 might be a prerequiste for a further correction to the $2,800-$2,850 area.
From the mid-term point of view, the bar is about to close far from it peak which means that buyers might face a local decline. If nothing changes, one can expect a test of the $2,700-$2,800 next month.
Ethereum is trading at $2,944 at press time.
Arman Shirinyan
Alex Dovbnya
