U.Today - Most of the coins are in the green zone at the end of the week, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has risen by 1.51% over the last 24 hours.
On the hourly chart, the price of ETH is breaking the local support of $2,203. If the daily bar closes far from that level, the correction is likely to continue to the $2,160-$2,180 zone shortly.
On the bigger time frame, one should focus on the bar closure in terms of the $2,125 level.
If a breakout happens, the accumulated energy might be enough for a blast to the vital area of $2,000.
From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the current prices, traders may witness a test of the support at the $1,882 level soon.
Ethereum is trading at $2,195 at press time.
This content was originally published on U.Today
