According to Coinstats, sellers are not yet ready to grab the initiative on the first day of the weekend.
ETH/USD
Ethereum (ETH) prices have risen 4.33% since yesterday.
On the hourly chart, it is possible that ETH rates have been set to a local resistance of $2,448. With most of the ATRs passed, traders are unlikely to witness any sharp moves by tomorrow.
In a larger time frame, the main altcoin price is in yesterday’s bar. That is, neither side controls.
Buyers can only start thinking about medium-term rises if a breakout occurs at a level of $2,533.
From a medium-term perspective, there are no inverted signals yet. If the weekly bar is closed around current prices, traders may immediately witness tests ranging from $2,500 to $2,600.
Ethereum trades at $2,424 at press time.