According to Coinmarketcap, the market has changed to green after the weekend’s revision.
ETH/USD
Ethereum (ETH) is one of the biggest winners of today, up 3.89%.
On the hourly chart, ETH speeds increase after a resistance breakout. Once the daily bar closes around current prices, you’re likely to see a test of the $3,700 mark soon.
In the long time frame, the prices of main altcoins have risen after yesterday’s bullish closure.
If the Bulls can hold the initiative acquired, traders may witness a continuous upward move into the $3,800 zone.
From a medium-term perspective, it is too early to make long-term forecasts. The volume is decreasing. This means that sideways trades are more likely in the $3,500-$3,800 range.
Ethereum trades for $3,650 at press time.