According to Coinstats, the sellers are back in the game.
ETH/USD
The Ethereum (ETH) ratio has fallen 4.67% from yesterday.
On the hourly chart, ETH prices are in the middle of the channel. The volume remains low. This means that traders are unlikely to witness sharp moves by tomorrow.
In the larger time frame, the photos are neither bullish nor bearish.
In this case, it is a scenario where ongoing sideline trading is likely to occur in a narrow range of $2,100-$2,300.
There are no inverted signals so far on the weekly chart. If the bar closes near $1,882 support, a breakout of the level is expected, followed by a dump from $1,600 to $1,800 to the $1,800 zone.
Ethereum trades at $2,181 at press time.
