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The ongoing upward move remains the most likely scenario for the market on the first day of the week, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has risen by 2.07% over the last 24 hours.
On the hourly chart, the price of ETH keeps looking bullish. The rate is coming back to the local resistance of $3,820. If its breakout occurs, growth is likely to continue to $3,900.
On the longger time frame, the rate of the main altcoin keeps rising. As there are no crucial levels nearby, one should focus on the bar closure in terms of yesterday's candle peak.
If it happens around it or above, traders may witness an ongoing rise to the vital $4,000 mark.
From the midterm point of view, one should pay attention to the nearest level of $3,675. Until the price of ETH is above it, buyers keep controlling the situation on the market. In this regard, there is a possibility of seeing a test of the resistance by the end of the month.
Ethereum is trading at $3,788 at press time.
Vladislav Sopov
U.Today Editorial Team