According to Coinmarketcap, bulls are stronger than today’s bears.
ETH/USD
Ethereum (ETH) prices have risen 4.85% over the past 24 hours.
Despite today’s increase, ETH percentage appears bearish on hourly wages. When the daily bar closes near the $1,560 formed support, a breakout of levels is expected, further reducing the $1,550 zone.
In the larger time frame, buyers were unable to continue growing after yesterday’s bullish closure. If the bar is closed at current prices, it could drop to the $1,500 area.
From a medium-term perspective, the focus should be on weekly candle closures at the $1,521 level.
Once that breaks out, the fix could last in the $1,300-1,400 range.
Ethereum trades for $1,570 at press time.
