According to Coinmarketcap, the market is back to green.
ETH/USD
Ethereum (ETH) is one of the biggest winners of today, up 4.79%.
On the hourly chart, ETH percentage is heading towards a local resistance of $4,336. Once that breaks out, growth could soon last to an area of $4,400.
In a longer time frame, the speed of the main altcoin is far from the support and resistance levels. Because of the low volume, there is no aspect that doesn’t store enough energy to grab the initiative.
In this regard, horizontal trading in the $4,300-4,500 range is the most likely scenario.
From a medium-term perspective, ETH prices are bounced back from their $4,093 support. If the weekly bar is far from that mark, you’ll have a better chance of seeing a test in the $4,800-$5,000 area.
Ethereum trades at $4,267 at press time.
