According to Coinstats, despite seller pressure, most coins are in the green zone.
ETH/USD
Ethereum (ETH) prices rose 0.53% on the last day.
On the hourly chart, the speed of the ETH is in the middle of the narrow channel, between $2,490 in support and $2,525 in resistance.
As neither side controls, the scenario is likely to be a continuous horizontal trading, centered around current prices.
In a larger time frame, traders need to pay attention to the $2,531 resistance. If a breakout occurs, accumulated energy may be enough for travelling to the $2,600 zone.
From a medium-term perspective, sideway trading is likely to be next week’s scenario. The main altcoin rate is in the middle of the channel. This means that traders are unlikely to see sharp movements.
Ethereum trades at $2,517 at press time.
