According to CoinStats, all top 10 coins are currently in the green zone.
ETH/USD
Ethereum (ETH) price increased by 3.64% in the past 24 hours.
On the hourly chart, the ETH rate is looking bearish as it is on its way towards the local support at $4,042. If buyers are unable to take control, we expect a level breakout followed by a continued correction towards the $4,000 mark.
On longer time frames, a less clear picture may be seen. Declining volume means that neither the bulls nor the bears are prepared for a sharp move.
In this case, the most likely scenario is a sideways trade in the $4,000 to $4,300 range for the next few days.
From a medium-term perspective, the situation is very similar. Rates for major altcoins are far from significant levels, meaning traders are unlikely to witness an increase in volatility any time soon.
At the time of writing, Ethereum is trading at $4,111.
