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.
The market is back to green on the first day of the week, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has gone up by 3.41% since yesterday.
On the hourly chart, the rate of ETH keeps looking bullish. If the daily bar closes near the resistance or breaks it, one can expect a test of the $2,700 range soon.
On the longer time frame, the price of the chief altcoin is in the middle of the wide channel, between the support of $2,317 and the resistance of $2,857.
As neither bulls nor bears are dominating, there are low chances if seeing increased volatility by the end of the week.
From the midterm point of view, the rate of ETH is on its way to the resistance of $2,857. If growth continues, there is a possibility to witness a test of the vital $3,000 mark.
Ethereum is trading at $2,624 at press time.
Vladislav Sopov
U.Today Editorial Team