According to Coinmarketcap, the market is neutral at the beginning of the week.
ETH/USD
Ethereum (ETH) percentage rose 1.24% on the last day.
On the hourly chart, the price of the ETH is close to a local resistance of $4,403. If a breakout occurs, growth could last up to the $4,500 zone by tomorrow.
In a larger time frame, the photos are less bullish. The main altcoin rate is far from important levels, so neither the bull nor the bear have been in control up to now.
In this case, side-way trading in regions between $4,300 and $4,500 is more likely to be a scenario.
From a medium-term perspective, the Bulls were unable to maintain their rise after the previous bullish candle closure. If the weekly bar closes below current prices, the correction could soon last until the $4,000 mark.
Ethereum trades at $4,391 at press time.
