The majority of coins are rising, even though sellers’ pressure remains relevant, according to CoinStats.ETH chart by CoinStats

ETHUSD

The price of Ethereum ETHUSD has gone up by 1.88% since yesterday.Image by TradingView

On the hourly chart, the rate of ETH is in the middle of the local channel, between the support of $3,342 and the resistance of $3,393.

As most of the ATR has been passed, ongoing sideways trading around $3,370 is the more likely scenario until tomorrow.Image by TradingView

On the bigger time frame, neither buyers nor sellers are dominating. However, if the decline continues to $3,300, traders may witness a test of the $3,200 zone until the end of the week.Image by TradingView

From the midterm point of view, one should pay attention to the weekly bar closure. If it happens far from its low, it is possible to see a bounce back to $3,600.

Ethereum is trading at $3,379 at press time.