Market growth remains the most likely scenario for most of the coins, according to CoinMarketCap. CoinMarketCap”>

ETHUSD

The rate of Ethereum ETHUSD has gone up by 0.88% over the last 24 hours.TradingView”>

On the hourly chart, the price of ETH has made a false breakout of the formed resistance of $2,647. 

If the daily bar closes far from that mark, bears may come back to the game, which may lead to a drop to the $2,600 range.TradingView”>

On the longer time frame, bulls are trying to seize the initiative. If the daily candle closes around current prices or above, the upward move is likely to continue to the $2,700 mark.TradingView”>

From the midterm point of view, one should focus on the weekly bar’s closure in terms of the $2,738 level. If its breakout happens, the accumulated energy might be enough for a test of the vital $3,000 area.

Ethereum is trading at $2,636 at press time.