u.today
Even though the bearish pressure remains relevant, some coins have come back to the green zone.
ETH/USD
Ethereum (ETH) is one of the biggest gainers today, going up by 1.43%.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/e28/e287e8baec4b25f737ae0814beb56e686a26a8e5.png" size="2708x1292">
On the hourly chart, the rate of Ethereum (ETH) has bounced off the support level of $1,180. However, the growth has been stopped at the resistance at $1,275.
At the moment, the more likely scenario is consolidation in the middle of the channel, around the $1,220 mark.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/a87/a87420b62352706f85de6e48831a43e4e5a58852.png" size="2708x1292">
On the bigger time frame, Ethereum (ETH) has made a false breakout of the $1,196 mark. If buyers can hold the gained initiative, the correction may lead to the test of the $1,300 zone this week.
ETH/BTC chart by TradingView" src="https://cnews24.ru/uploads/5f6/5f6de4c0495b3340baa3d4e7ac3437bd7c717dd8.png" size="2708x1292">
The situation is bullish against the chart of Bitcoin (BTC). At the moment, the price is located near the resistance at BTC 0.07563. If a breakout happens, the energy might be enough for a rise to the BTC 0.07978 mark.
Ethereum is trading at $1,248 at press time.