u.today
Bears are back in the game after slight recent growth.
ETH/USD
Ethereum (ETH) could not follow the slight growth of Bitcoin (BTC), falling by 0.53%.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/65c/65c766c9410dec2af491d1e5705ad2fe1f90c581.png" size="2698x1318">
Despite the fall, the price of Ethereum (ETH) has made a false breakout of the support level at $1,317.10. However, the rise has been stopped at the local resistance level of $1,332.80.
If the daily candle closes near that mark, the upward move might continue tomorrow.
ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/21b/21b5ce9f61f9e10ac8b2c602ed67e023479f2b91.png" size="2698x1318">
On the daily time frame, Ethereum (ETH) confirmed the test of the $1,350 level yesterday. At the moment, traders should pay attention to it, as its possible breakout might be the start of a midterm rise as enough energy has been accumulated for such a move.
ETH/BTC chart by TradingView" src="https://cnews24.ru/uploads/4cc/4cc99e135a5889361974beefba9f0fc77e1c62de.png" size="2698x1318">
The volatility keeps declining on the chart against Bitcoin (BTC), as the price has not decided yet which way to go. The resistance at 0.076133 remains a level of great importance; however, buyers need more time to get stronger if they want to seize the initiative.
Ethereum is trading at $1,328 at press time.