Bulls are more powerful than bears today, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has gone up by 3.62% since yesterday.
On the hourly chart, the price of the main altcoin is near the local resistance of $2,837. One should focus on the daily bar’s closure in terms of that mark.
If it happens around it, the upward move may lead to the test of the $2,900 zone.
On the daily time frame, the rate of ETH has broken the resistance of $2,788. If bulls can hold the gained initiative, the upward move is likely to continue to the $2,900 range.
From the midterm point of view, the picture is also bullish. If the weekly bar closes around the current prices or above, there is a possibility to witness a test of the vital $3,000 mark.
Ethereum is trading at $2,838 at press time.
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