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The market is mainly bullish on the last day of the week, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has risen by 1.74% over the last 24 hours.
On the hourly chart, the price of ETH is closer to the resistance than to the support level.
If buyers can hold the gained initiative, one can expect a level breakout, followed by a move to the $3,900 zone.
On the bigger time frame, the situation is also bullish. If the daily bar closes above the $3,824 resistance, the accumulated energy might be enough for a test of the $3,900-$4,000 range shortly.
From the midterm point of view, the rate of ETH has fixed above the resistance of $3,675. While the price is above that mark, there is a high chance of an ongoing upward move to the $4,093 level.
Ethereum is trading at $3,808 at press time.
Vladislav Sopov
U.Today Editorial Team