According to CoinStats, most coin rates continue to set new local peaks.
ETH/USD
Ethereum (ETH) was one of the biggest gainers today, rising 2.83%.
On the hourly chart, the ETH rate is looking bullish as it attempts to break out of the local resistance at $4,718. If that happens, the bullish market is likely to continue to the $4,750 zone by tomorrow.
On a longer time frame, the price of the major altcoin is moving towards the resistance level at $4,887.
If the buyer pressure continues, traders could witness a breakout of the level and then a possible test of the $5,000 level.
The situation is similar in the medium term. If the price continues to grow to the $4,887 resistance level, the pent-up energy could be enough to test new highs.
At the time of writing, Ethereum is trading at $4,699.
