u.today
Buyers are controlling the initiative on the market on the first day of the week, according to CoinStats.
$ETH/USD
The price of Ethereum ($ETH) has increased by 0.43% since yesterday.
On the hourly chart, the rate of $ETH is on its way to the local resistance of $2,684. If bulls can hold the gained initiative, there is a chance to see a test of the $2,700 area soon.
On the bigger time frame, the situation is less clear. The price of the main altcoin has not accumulated enough energy for a sharp move yet.
In this case, ongoing sideways trading in the zone of $2,600-$2,700 is the more likely scenario.
From the midterm point of view, the picture is similar. The rate of $ETH is trading within yesterday's bar, which means traders are unlikely to witness increased volatility shortly.
Ethereum is trading at $2,649 at press time.