According to Coinstats, the market is bearish mainly on the first day of the week.
ETH/USD
Ethereum (ETH) prices have fallen 0.59% from yesterday.
On the hourly chart, it is possible that ETH rates were set to a local resistance of $2,275. If the seller pressure continues, you can expect to test support by tomorrow at $2,222.
In the long time frame, the main crypto prices are in yesterday’s candles. That is, neither the bull nor the bear have seized the initiative.
However, if the candle is closed near support, traders may expect a breakout of the level, followed by testing of the $2,000-$2,100 zone.
From a medium-term perspective, the situation is similar. In this regard, we need to pay attention to the closure of the bar in terms of the lower previous candles. If you happen to be near $2,111, you may see continuous drops up to the $2,000 mark.
Ethereum trades at $2,243 at press time.
