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Some coins keep setting new local highs, while others have come back to the red zone, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has risen by 2.29% over the last 24 hours.
On the hourly chart, the price of the main altcoin has made a false breakout of the local resistance of $2,502. However, if the correction does not happen and the daily bar closes around that mark, there is a chance to see a blast to the $2,550 range.
On the longer time frame, bulls are trying to seize the initiative as the rate of ETH is rising after yesterday's bearish bar.
If the breakout of the interim level of $2,500 happens, the upward move may continue to the $2,600 range.
From the midterm point of view, the price is far from main levels. Buyers may start thinking about a midterm rise only when the rate gets back to the $2,857 resistance.
Ethereum is trading at $2,486 at press time.
Vladislav Sopov
U.Today Editorial Team