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Most of the coins are back in the green zone today, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has risen by 1.80% since yesterday.
On the hourly chart, the price of ETH is looking bullish. The rate of the main altcoin is about to break the local resistance of $4,377. If it happens, the growth may continue to the $4,400 mark.
On the bigger time frame, the price is trying to rise after a bounce back from the support of $4,257.
If the daily bar closes near its peak and with no long wick, there is a chance of a test of the $4,500 area soon.
From the midterm point of view, neither side is dominating as the rate of ETH is far from the key levels. As neither side is dominating, any sharp moves are unlikely to happen soon.
Ethereum is trading at $4,377 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team