u.today
Buyers do not seem to be giving up so easily as the rates of coins are rising.
Top coins by CoinMarketCap
$ETH/USD
Ethereum ($ETH) has not gained as much as Bitcoin (BTC), going up by only 0.30%.
$ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/f02/f0209cbd9aaf71a947db2c01acd4ec3bddf3d3b5.png" size="2698x1310">
Image by TradingView
On the hourly chart, the rate of Ethereum ($ETH) has made a false breakout of the local support at $1,814.6. If buyers can hold the price above that mark, there is a possibility to see a short rise to the resistance at $1,820.
$ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/afd/afdabb132a5451d701da3ea448769ba2add34fc1.png" size="2698x1310">
Image by TradingView
On the bigger time frame, volatility has declined and the rate keeps trading in the narrow range.
In this case, ongoing sideways trading in the area of $1,800-$1,850 is the more likely scenario for next week.
$ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/134/134d8b60482a701057e5f377d0204f9ff93451a1.png" size="2698x1310">
Image by TradingView
On the weekly chart, the rate of Ethereum ($ETH) is also looking more bearish than bullish as the price has not bounced back far from the support at $1,737. If buyers want to be back in the game, they need to restore the rate above the important zone of $1,900.
Ethereum is trading at $1,818 at press time.