Buyers are not going to give up easily, as most of the coins are again in the green zone, according to CoinStats.CoinStats”>

ETHUSD

The price of Ethereum ETHUSD has gone up by 0.5% over the last 24 hours.TradingView”>

On the hourly chart, the rate of ETH is testing the local support of $2,577. If it breaks out, the fall may lead to the test of the $2,500 range.TradingView”>

On the bigger time frame, the price of the main altcoin is going down after yesterday’s bearish closure. 

If nothing changes by the end of the day, there is a chance to see an ongoing decline to the $2,400 zone by the end of the week.TradingView”>

From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $2,608 level. If it happens far from there, bears may seize the initiative, which may lead to a drop to the $2,400 zone.

Ethereum is trading at $2,579 at press time.