U.Today - Buyers are trying to hold the gained initiative; however, some coins are stuck in the red zone, according to CoinStats.
ETH/USD
The rate of Ethereum (ETH) has risen by 0.85% over the last 24 hours.
On the hourly chart, the price of ETH has made a false breakout of the local resistance of $1,918. However, if the daily bar closes near that mark or above, the upward move is likely to continue to the $1,950 zone.
On the daily time frame, neither bulls nor bears are dominating. If buyers want to seize the initiative, they need to restore the rate above the $1,963 level.
If its breakout happens, the accumulated energy might be enough for a test of the vital $2,000 area.
On the weekly chart, one should focus on the nearest level of $1,800. If its breakout happens, the fall is likely to continue to the $1,700 range.
Ethereum is trading at $1,900 at press time.
This content was originally published on U.Today
