According to Coinstats, most coins are rising after the correction.
ETH/USD
Ethereum (ETH) share has increased by 1.36% since yesterday.
On the hourly chart, ETH prices are bearish as they are close to local support at $3,983. If the Bulls are unable to seize the initiative, the fall could last up to an area of $3,950.
In the larger time frame, the photos are bullish or bearish as they are inside yesterday’s bar. The volume is decreasing. In other words, neither side is strong enough for sharp movement.
Overall, it’s a scenario where horizontal trading is likely in regions ranging from $3,900 to $4,100.
From a medium-term perspective, traders should pay attention to the weekly bar closures in terms of a $4,107 mirror-level perspective. If occurring below current prices, the decline could last up to the $3,600-$3,800 zone.
Ethereum trades at $3,989 at press time.
