u.today
Even though bulls are still controlling the situation, some cryptocurrencies have returned to the red area.
ETH/USD
Ethereum (ETH) has gone down by 0.05% over the past 24 hours.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/562/562274fc8e2162d4c09bbb7af02f05c7caebf832.png" size="2708x1318">
On the hourly chart, Ethereum (ETH) is returning to the recently formed support level at $1,707. If buyers cannot stop bears' pressure, one can expect to see a drop to the $1,690-$1,700 zone.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/d81/d81487c0e27317b1a611acb144ccc77a5acc99b9.png" size="2708x1318">
On the daily chart, Ethereum (ETH) has made a false breakout of yesterday's peak at $1,745. However, the leading altcoin remains bullish while the price is above the $1,687 mark. Respectively, the more likely scenario is sideways trading between the aforementioned levels.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/2fc/2fcc470ce5830864afa92b870c80b7ce0ed7d7c2.png" size="2708x1318">
On the weekly time frame, Ethereum (ETH) is trading near the level of $1,721. If buyers can hold the gained initiative and the situation does not change by the end of the week, the growth may continue to the $1,900-$2,000 area shortly.
Ethereum is trading at $1,716.90 at press time.