Buyers are controlling the initiative on the market on the first day of the week, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has increased by 0.43% since yesterday.
On the hourly chart, the rate of ETH is on its way to the local resistance of $2,684. If bulls can hold the gained initiative, there is a chance to see a test of the $2,700 area soon.
On the bigger time frame, the situation is less clear. The price of the main altcoin has not accumulated enough energy for a sharp move yet.
In this case, ongoing sideways trading in the zone of $2,600-$2,700 is the more likely scenario.
From the midterm point of view, the picture is similar. The rate of ETH is trading within yesterday’s bar, which means traders are unlikely to witness increased volatility shortly.
Ethereum is trading at $2,649 at press time.
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