Some coins keep setting new local highs, while others have come back to the red zone, according to CoinMarketCap. CoinMarketCap”>

ETHUSD

The rate of Ethereum ETHUSD has risen by 2.29% over the last 24 hours.TradingView”>

On the hourly chart, the price of the main altcoin has made a false breakout of the local resistance of $2,502. However, if the correction does not happen and the daily bar closes around that mark, there is a chance to see a blast to the $2,550 range.TradingView”>

On the longer time frame, bulls are trying to seize the initiative as the rate of ETH is rising after yesterday’s bearish bar. 

If the breakout of the interim level of $2,500 happens, the upward move may continue to the $2,600 range.TradingView”>

From the midterm point of view, the price is far from main levels. Buyers may start thinking about a midterm rise only when the rate gets back to the $2,857 resistance.

Ethereum is trading at $2,486 at press time.