According to CoinMarketCap, prices of some coins continue to rise, while others have returned to the red zone.
ETH/USD
The Ethereum (ETH) rate has remained virtually unchanged since yesterday. Over the past week, the price has increased by 9.61%.
On the hourly chart, the ETH price made a false breakout of the local support level of $3483. If the daily bar closes near it, we can expect a quick breakout to the $3450 zone.
On a longer time frame, the nearest level to watch is $3547. If a breakout occurs, the accumulated energy may be enough to continue the upward movement to the $3600-$3700 range.
In the medium term, the bulls are trying to maintain the initiative they have gained.
If the weekly candle closes near current prices, traders could see further gains by the end of the month.
At the time of publication of this article, Ethereum is trading at $3,502.
