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The rates of most of the coins are in the green zone today, according to CoinStats.
$ETH/USD
The price of Ethereum ($ETH) has gone up by 2.16% over the past day.
On the hourly chart, the rate of $ETH has made a false breakout of the local support of $2,988. However, if the daily bar closes near that mark or even below it, traders may expect a test of the $2,950 zone soon.
On the longer time frame, the price of the main altcoin has made a false breakout of the $3,063 resistance. If sellers' pressure continues, there is a chance to see a correction to the $2,900-$2,950 range this week.
From the midterm point of view, the rate of $ETH is far from key levels. In this regard, one should pay attention to the interim area of $3,000.
If buyers lose it, the next zone where a bounce back may happen is $2,000-$2,500.
Ethereum is trading at $3,001 at press time.
cryptoslate.com
coinpaper.com
cryptobriefing.com
