According to Coinmarketcap, the market is neutral over the weekend.
ETH/USD
Ethereum (ETH) is one of the biggest losers today, down 2.69% over the past day.
However, on hourly charts, the photos are bullish. The main altcoin rate continues to set new local peaks.
If daily candles are closed above current prices, you will soon have the opportunity to see a test for the $2,600 area.
In the long time slot, ETH speeds accidentally broke out yesterday’s bar low. If the Bulls are able to retain the initiative they acquired, the amendment could be postponed and tests ranging from $2,600 to $2,700 could continue.
From a medium-term perspective, none of them dominates. The volume continues to drop. This means you are less likely to witness sharp movements right away.
Ethereum trades at $2,515 at press time.