Most of the coins are far from a reversal, according to CoinStats.
![](https://cnews24.ru/uploads/268/268fed653317f01e5f1f71014e36d617d7856d17.png)
ETH/USD
The price of Ethereum (ETH) has dropped by 5.29% since yesterday.
![](https://cnews24.ru/uploads/a6d/a6d9705990bf32fa13780f930362d5bb1e600bb0.png)
On the hourly chart, the rate of ETH is in the middle of the local channel, between the support of $2,809 and the resistance of $3,108. As most of the ATR has been passed, there are low chances to expect any sharp moves until the end of the day.
![](https://cnews24.ru/uploads/e49/e4902d4a237e35ed097b569730777baaac88b20e.png)
On the daily time frame, the price of the main altcoin has made a false breakout of the support level of $2,814. At the moment, one should pay attention to the bar's closure.
If it happens closer to $3,000, bulls might seize the initiative, which can lead to a rise to the $3,100 mark.
![](https://cnews24.ru/uploads/bd5/bd578d8460f66b85c5a21e4d48602f96591c1ae1.png)
From the midterm point of view, traders should focus on the weekly candle closure. If it happens near the bar's low, there is a possibility of seeing a support breakout, followed by a blast to the $2,600 zone.
Ethereum is trading at $2,984 at press time.