The weekend has started bearish for most of the coins, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has dropped by 1.66% over the last 24 hours.
On the hourly chart, the price of ETH has made a false breakout of the local resistance of $3,599. If sellers’ pressure continues, the decline may continue to the support of $3,500 by tomorrow.
On the bigger time frame, neither side is dominating as the rate of the main altcoin is within yesterday’s candle.
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If the situation does not change, sideways trading in the narrow range of $3,500-$3,600 is the more likely scenario.
From the midterm point of view, the rate of ETH has tested the resistance of $3,675. If a breakout happens, the upward move may continue to the vital $4,000 zone.
Ethereum is trading at $3,560 at press time.
