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 are more powerful than bears today, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has gone up by 3.62% since yesterday.
On the hourly chart, the price of the main altcoin is near the local resistance of $2,837. One should focus on the daily bar's closure in terms of that mark.
If it happens around it, the upward move may lead to the test of the $2,900 zone.
On the daily time frame, the rate of ETH has broken the resistance of $2,788. If bulls can hold the gained initiative, the upward move is likely to continue to the $2,900 range.
From the midterm point of view, the picture is also bullish. If the weekly bar closes around the current prices or above, there is a possibility to witness a test of the vital $3,000 mark.
Ethereum is trading at $2,838 at press time.
Vladislav Sopov
U.Today Editorial Team