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The market keeps slowly rising as most of the coins are in the green zone.
$ETH/USD
The rate of Ethereum ($ETH) has increased by 3.24% over the last 24 hours.
$ETH/USD" src="https://cnews24.ru/uploads/af9/af9864e482110d227dcc488c35ece669d3bb57cd.png" size="2708x1318">
On the hourly chart, Bitcoin ($BTC) keeps returning to the recently formed support level of $1,193.
If buyers cannot seize the initiative by the end of the day, the fall may continue to the $1,180 mark.
$ETH/USD chart" src="https://cnews24.ru/uploads/4e4/4e426bc61673b9dbd9236013c10917be8ce88088.png" size="2708x1318">
The situation differs on the bigger time frame. Despite the recent growth, Ethereum ($ETH) has not entered the bullish zone yet as the price remains below the vital $1,300 area. Thus, the volume is low, which means that buyers are not ready yet for the upward move.
$ETH/$BTC" src="https://cnews24.ru/uploads/12c/12c820a5c5475613532bc83715a4aa4289fd6af3.png" size="2708x1318">
Analyzing the chart against Bitcoin ($BTC), Ethereum ($ETH) has entered the bullish zone after the breakout of the resistance level at $BTC 0.0717. If buyers can hold the gained initiative, the rise may lead to the test of the interim resistance zone at $BTC 0.074.
Ethereum is trading at $1,193 at press time.