According to Coinstats, the market went red at the beginning of the weekend.
ETH/USD
Ethereum (ETH) prices have fallen 1.16% since yesterday.
On the hourly chart, we accidentally broke out local support with a percentage of ETH of $4,458.
However, if the daily bar closes around that mark or below, fall could last up to the $4,450 zone by the end of the week.
In a larger time frame, the situation is bearish than bullish. If buyers are unable to seize the initiative and the daily bar is closed near $4,424 support, the accumulated energy may be enough to dump into the $4,300-$4,400 zone.
From a medium-term perspective, the main altcoin price is central to the channel between $4,166 in support and $4,788 in resistance. With neither side’s dominance and low volume, traders are unlikely to see sharp moves by the end of the month.
Ethereum trades at $4,469 at press time.
