According to Coinmarketcap, the crypto market is not bearish or bullish in the middle of the week.
ETH/USD
Ethereum (ETH) percentage fell by 0.58% on the last day.
On the hourly chart, ETH prices are close to local support at $3,650. If no bounceback occurs and the daily bar closes around that mark, a breakout of the level is expected, followed by a $3,600 dump.
In the longer time frame, the main altcoin speed has fallen after an incorrect breakout at the $3,824 level. If the candle closes near the low bar, traders may witness continuous revisions in the coming days.
From a medium-term perspective, we should focus on weekly bar closures in terms of the $3,824 level.
If that happens far from it, the seller could come back, which could drop to the $3,500 range.
Ethereum (ETH) trades at $3,673 at press time.