According to Coinstats, the Bears are about to seize the initiative early in the week.
ETH/USD
The Ethereum (ETH) percentage fell 0.6% on the last day.
On the hourly chart, ETH prices are below the $3,843 local support. If the Bulls are unable to seize the initiative until the end of the day, the amendment could last until the $3,700 mark.
In the long time slot, the main altcoin speed made the wrong breakout of yesterday’s bar.
If nothing changes by the end of the day, traders may soon witness tests ranging from $3,600 to $3,700.
From a medium-term perspective, we need to pay attention to weekly candle closures. If it happens far from the $3,900 zone, the Bears could potentially return to the game. This could potentially reduce the $3,500 mark.
Ethereum trades at $3,789 at press time.
