Most of the coins have returned to the green zone. However, there are some exceptions to this rule, according to CoinStats.
$ETH/USD
Unlike other cryptocurrencies, Ethereum’s rate ($ETH) has fallen 0.48% since yesterday.
Despite the drop today, $ETH It looks bullish on the hourly chart. The rate of major altcoins is trying to break above the resistance level at $2,335.
If this happens, there is a high possibility that the price will continue to rise to the $2,400 zone tomorrow.
In longer time frames, $ETH I accidentally broke out yesterday’s low of $2,222. If the bulls’ pressure continues and the candle ends far from that mark, we can expect a bounce back to the $2,500 zone soon.
From a medium-term perspective, traders should pay attention to the weekly close at the $2,152 level. A significant deviation from that could see a correction in the $2,500-$2,600 range.
At the time of writing, Ethereum is trading at $2,370.
