hi dear Traders
The rate of Ethereum (ETH) is almost unchanged since yesterday. The price rise has increased by 0.86% over the last 24 hours.
On the hourly chart, Ethereum (ETH) has touched the zone of the most liquidity around $4,500, which means that bulls may have gained enough power for continued growth. In this case, the main altcoin may come back to the resistance at $4,591 by the end of the day.
At the moment, trading volumes have decreased, and the price has retraced slightly.
Ethereum (ETH) made a false breakout after setting a new peak at $4,643. The selling volume is low, which means that the current decline might be considered as a pullback before further growth.
However, one may expect the price to drop to the nearest support level at $4,375, followed by a fast bounce back.
Ethereum is trading at $4,470 currently
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.