According to Coinmarketcap, the bulls were unable to continue their weekend rise, with most of the coins returning to the red zone.
ETH/USD
Ethereum (ETH) is one of the biggest losers today, down 4.29%.
On the hourly chart, we accidentally broke out local support with a percentage of ETH of $2,352. However, if there is no bounceback, you can expect a continuous drop to the $2,300 area.
In the larger time frame, the photos are much more bearish than bullish. At this point, we need to focus on bar closures at the $2,317 level.
If that breaks out, the accumulated energy may be enough to move to the $2,200 mark.
More positive drawings can be seen on the weekly charts. However, it is too early to make a far-reaching prediction, as there are only a few days left until the bar closes. However, if a breakout level of $2,608 occurs, growth could lead to testing in the $2,800-$3,000 range.
Ethereum trades at $2,446 at press time.
