According to Coinstats, most coins are bouncing back today.
ETH/USD
Ethereum (ETH) is one of the biggest winners of today, shooting rockets over 7%.
On the hourly chart, the ETH priced a false breakout of resistance, with a $2,033 priced. However, if the daily bar closes around its mark and doesn’t have a long wick, the upwards could last up to the $2,100 area tomorrow.
In a larger time frame, the main altcoin speed broke the $1,963 resistance.
In this case, you should focus on the current bar closure at the peak point. Growth could continue to last at $2,100 if it occurs beyond the $2,000 critical zone.
From a medium-term perspective, none of them dominates because rates are far from important levels. In this regard, horizontal trading in regions between $2,000 and $2,200 is the most likely scenario.
Ethereum trades at $2,029 at press time.
