The market keeps rising today, according to CoinStats.
ETH/USD
The growth of Ethereum (ETH) has gone up by 1% since yesterday.
On the one-hour timeframe, the price of Ethereum appears to be heading towards its nearby support level at $3,303. Should it breach this level, traders could potentially see a challenge at the $3,250 region in the near future.
Looking at a broader perspective, sellers aim to take control of the situation. Should today’s closing price remain roughly the same, it seems that the correction could extend towards the $3,100-$3,200 range by the weekend’s end.
From the midterm point of view, neither bulls nor bears are dominating.
If things stay as they are until the end of the week, it’s likely that the price will continue to fluctuate within the range of approximately $3,100 to $3,300.
Ethereum is trading at $3,275 at press time.
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2025-01-16 17:56