Saturday began with the market bounce back, according to Coinmarketcap.
ETH/USD
Ethereum (ETH) is the exception, with a 1.14% reduction on the last day.
The hourly chart sets local support with ETH rates of $2,415.
If the Bulls can hold the initiative and the Daily Bar closes near resistance, a breakout of the level is expected and the $2,450 zone test can continue.
In a larger time frame, the situation is more positive. Traders should focus on the nearest level of $2,482. Once the candle is closed on it, the accumulated energy may be enough to explode into the $2,550-$2,600 area next week.
From a medium-term perspective, the speed of the main altcoins is far from the support and resistance levels. Prices are in the previous bar. This means that ongoing horizontal transactions still have a high probability of scenarios.
Ethereum trades at $2,427 at press time.