According to Coinstats, sellers seized the situation on the market today.
ETH/USD
Ethereum (ETH) share has fallen by almost 1% since yesterday.
On the hourly chart, the main altcoin price is close to $2,434 support. If buyers are unable to seize the initiative, the amendment could continue in the $2,400 range tomorrow.
In the long time frame, bears are also stronger than bulls. If your daily candle closes below yesterday’s bar, you’re more likely to see a test of support right away.
From a medium-term perspective, the photos are less clear. The ETH speed is in the middle of the wide channel. In other words, none of the aspects dominates.
This statement is also confirmed by the low volume. In this case, side-way trading in regions between $2,300 and $2,600 is the most likely scenario.
Ethereum trades at $2,439 at press time.