According to Coinstats, bulls lack the energy to maintain market growth.
ETH/USD
Ethereum (ETH) is one of the biggest losers of today, falling 5.36%.
On the hourly chart, ETH percentages are heading towards local support of $1,551. If the Bulls are unable to seize the initiative, the level breakout could soon lead to testing the $1,500 zone.
In a larger time frame, the price of the main altcoin drops after a false breakout of $1,689 resistance.
If candles close near the daily bar, you will soon have the opportunity to see them fall into the $1,450 to $1,500 area.
From a medium-term perspective, you need to pay attention to the closest support of $1,537. At the moment, the photos are bearish when the rate returns. If the price is pinned below, the correction could last up to the $1,300 mark.
Ethereum trades at $1,569 at press time.
