The prices of coins keep rising; however, there are some exceptions from the rule.
ETH/USD
The rate of Ethereum (ETH) has increased by 3.08% over the past 24 hours.
On the hourly chart, the price of Ethereum (ETH) has bounced off the local support level of $2,071.
However, if the daily bar closes not far from it, bears may seize the initiative, which can lead to a drop to the $2,040 zone.
On the daily chart, the rate of ETH has made a false breakout of yesterday’s bar peak. If the candle closes below the important zone of $2,100, the correction may continue to the $2,000-$2,050 area in the next week.
On the bigger chart, one should focus on the bar closure in terms of the level of $2,029. If it happens above that mark, the ongoing rise may continue to the $2,100 area and above.
Ethereum is trading at $2,086 at press time.
