According to Coinstats, bears control the market initiative.
ETH/USD
Ethereum (ETH) level decreased by 2.08% from yesterday.
Despite today’s fall, the price of ETH continues to look bearish in the hourly diagram. If a breakthrough of local support in the amount of $ 2755 will occur, the correction will probably continue to continue until the zone of $ 2700.
In large time frame, the speed of the main altcoin is far from key levels. In this case, you need to focus on the closure of a daily bar in terms of its high and low levels.
If this happens about $ 2700, traders can testify the ongoing descending transition to $ 2600.
From a medium -term point of view, it is still too early to make some kind of distant forecasts. However, if the bar closes with a long wick, it is possible to see a local rebound to an area of $ 2900-3000.
Ethereum is traded at the level of $ 2775 during the press.
