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The last day of the week is more bearish than bullish, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has risen by almost 2% over the last day.
On the hourly chart, the rate of ETH is looking bullish as it is breaking the local resistance level of $3,816. If buyers can hold the gained initiative, the upward move may continue to the $3,850-$3,900 zone soon.
On the daily time frame, one should pay attention to the nearest level of $3,841. If the bar closes above it and with no long wick, the accumulated energy might be enough for an ongoing rise to $3,950.
The price of Ethereum (ETH) has almost touched the resistance of $3,993. However, buyers might need more time to accumulate energy for a further rise. In this case, sideways trading in the range of $3,700-$3,900 is the more likely scenario.
Ethereum is trading at $3,820 at press time.
Tomiwabold Olajide
Gamza Khanzadaev
Mushumir Butt
