According to Coinstats, most coins are again in the green zone, so buyers aren’t easily given.
ETH/USD
Ethereum (ETH) prices have risen 0.5% over the past 24 hours.
The hourly chart tests local support with ETH rates of $2,577. Once that breaks out, the fall could lead to testing in the $2,500 range.
In a larger time frame, the prices of main altcoins will drop after yesterday’s bearish closure.
If nothing changes by the end of the day, the $2,400 zone could continue to fade by the end of the week.
From a medium-term perspective, the focus should be on weekly candle closures at the $2,608 level. If it happens far from there, the Bears could seize the initiative, which could drop to the $2,400 zone.
Ethereum trades at $2,579 at press time.
