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The market continues to rise today, according to CoinStats.
ETH/USD
Ethereum (ETH) growth has increased by 1% since yesterday.
On the hourly chart, ETH price is on its way to the local support of $3,303. If it breaks, traders could see a test of the $3,250 area soon.
On the larger time frame, sellers try to seize the initiative. If the daily bar closes around current prices, the correction is likely to continue to the $3,100-$3,200 area by the end of the week.
From a mid-term perspective, neither the bulls nor the bears are in control.
Related to
If the situation does not change by the end of the week, one can expect continued sideways moves in the $3,100-$3,300 range.
Ethereum is trading at $3,275 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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