The situation remains bullish on the market, according to CoinMarketCap.
![](https://cnews24.ru/uploads/5a4/5a47456cd6b69384fde70605c86491defbdc1512.png)
ETH/USD
The price of Ethereum (ETH) keeps rising, going up by 3.80%.
![](https://cnews24.ru/uploads/2b5/2b55e3a66b2bb0b7da449b06f40f9e1a67e9aeda.png)
On the hourly chart, the rate of ETH has formed a local resistance level of $3,501. At the moment, one should pay attention to the daily closure. If it happens far from that mark, there is a chance to see a local correction to the $3,400 zone.
![](https://cnews24.ru/uploads/74b/74b90b91ea5910692771ce47b3ccb428aa789204.png)
On the bigger time frame, the price of the leading altcoin has made a false breakout of yesterday's peak at $3,487.
However, if the bar closes above it, the rise is likely to continue to the $3,600-$3,700 area soon.
![](https://cnews24.ru/uploads/32a/32afbe59bca665f379c0bbda5244e81df71dfaab.png)
From the midterm point of view, traders should pay attention to the nearest resistance level of $3,582. If the weekly candle closes with no long wick, the upward move may lead to the test of the vital zone of $4,000 next month.
Ethereum is trading at $3,479 at press time.