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Some coins have returned to the green zone today, according to CoinMarketCap.
ETH/USD
The price of Ethereum (ETH) rose slightly by 0.27% in the past 24 hours.
Despite today's rally, ETH price looks bearish on the hourly chart. The price is returning to the local support level of $3,317. If the daily bar closes around it, there is a chance to see a breakout, followed by a move to the $3,300 area.
On the larger time frame, one should focus on the nearest $3,300 interim area. If it breaks out, the accumulated energy could be enough to test the $3,200 range by the end of the week.
From a mid-term perspective, the price of the major altcoin is far from key levels. Consequently, trading volume decreased, which means that neither bulls nor bears are ready for a sharp movement.
Related to
In this case, traders are unlikely to see a rise or fall soon.
Ethereum is trading at $3,342 at press time.
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