The majority of coins are in the red zone today; however, there are some exceptions to the rule, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has gone up by 2.34% since yesterday.
Despite today’s rise, the rate of ETH is falling after setting a local resistance level of $2,788. If nothing changes by the end of the day, there is a possibility of seeing a test of the support by tomorrow.
On the bigger time frame, the price of the main altcoin has broken the resistance of $2,738; however, it failed to fix above it.
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If the daily bar closes far from that level, bears may come back to the game, which may lead to a drop to the $2,600-$2,650 zone.
From the midterm point of view, one should pay attention to the weekly bar’s closure in terms of the $2,738 level. If it breaks out, the energy might be enough for a further upward move to the vital $3,000 mark.
Ethereum is trading at $2,711 at press time.