According to CoinStats, the market continues to grow on the first day of the week.
ETH/USD
Ethereum (ETH) price has increased by 2.18% since yesterday.
On the hourly chart, the ETH rate is heading towards the local support at $4,133. If a breakout occurs, the decline could continue to test the $4,100 range.
On longer time frames, the prices of major altcoins look bearish as the candlesticks are about to end far from their peaks.
If buyers fail to take control, we expect the price to test the $4,050-$4,100 area soon.
From a medium-term perspective, the ETH rate is far from the main level. Low volume means that neither side is ready to make sharp moves. In this case, a sideways trade in the $4,100 to $4,400 zone is the most likely scenario.
At the time of writing, Ethereum is trading at $4,132.
