The weekend has started mainly bullish for the market, however, there are some exceptions, according to CoinMarketCap.CoinMarketCap”>

ETHUSD

The rate of Ethereum ETHUSD has risen by 0.12% over the last day.TradingView”>

On the hourly chart, the price of ETH has made a false breakout of the local support of $2,522. If the daily bar closes near that mark, one can expect a more profound drop to the $2,500 zone.TradingView”>

On the bigger time frame, the picture is also more bearish than bullish.

If the candle closes around the current prices or below and with no long wick, traders may witness a test of the $2,300-$2,400 range over the next few days.TradingView”>

From the midterm point of view, the rate of ETH has bounced off the resistance of $2,857. If the weekly bar closes far from that mark, bears may be back in the game, which may lead to a drop to the $2,400 range.

Ethereum is trading at $2,538 at press time.