u.today
The middle of the week has turned out to be bullish for most of the coins, according to CoinStats.
$ETH/USD
The rate of Ethereum ($ETH) has gone up by 3.42% since yesterday.
On the hourly chart, the price of $ETH is near the local resistance of $4,329. If the daily bar closes around that mark, the upward move is likely to continue to the $4,400 zone.
On the longer time frame, the rate of the main altcoin has broken the resistance of $4,235.
If bulls can hold the initiative, and the candle closes around the current prices or above them, the accumulated energy might be enough for a move to the $4,400-$4,500 range.
From the midterm point of view, the price of $ETH is far from key levels. Thus, the volume is low, which means there are low chances of seeing sharp moves over the next few weeks.
Ethereum is trading at $4,300 at press time.