According to Coinstats, the market is completely red over the weekend.
ETH/USD
Ethereum (ETH) percentage has fallen by almost 2% over the past 24 hours.
On the hourly chart, the ETH priced at $3,976 was accidentally broken out local resistance. However, if the daily bar closes around that mark, traders may expect to test the $4,000 zone by tomorrow.
In the long time frame, the main altcoin speed broke the $4,107 level before entering bearish territory.
Sellers will continue to control the market situation until the price falls below that mark. In this case, we can expect a further reduction in the $3,700 to $3,800 range.
From a medium-term perspective, the focus should be on weekly candle closures at the $4,107 level. If it occurs below that, the fix could last up to the $3,600 mark.
Ethereum trades at $3,937 at press time.
