According to CoinStats, most coins returned to the green area on the first day of the week.
ETH/USD
Ethereum (ETH) was one of the biggest gainers today, rising 5.48%.
On the hourly chart, ETH price is falling after setting resistance at $3,180. Since most of the daily ATR has passed, it is unlikely that we will see any sharp moves by tomorrow. A sideways trade in the $3,050 to $3,150 range, respectively, is the most likely scenario.
The situation is similar for longer time frames. Low volume means there is not enough energy on either side to make further movement.
If the situation does not change by the end of the day, a consolidation near the current price is a likely scenario.
From a medium-term perspective, we should pay attention to the closing price of the candlestick at the $3,223 level. If it occurs near or above that mark, the stored energy could be enough to send the price surging all the way to the $3,500 zone.
Ethereum (ETH) is trading at $3,104 at the time of writing.
