Bears have not been able to maintain control, as per CoinMarketCap.

ETH/USD

Over the past 24 hours, Ethereum (ETH) has seen a 1.42% increase in price.

The hourly chart indicates a bullish trend for the main altcoin, with attempts to break the local resistance at $3,591. If the daily bar closes above this level, further growth towards the $3,650 zone may be expected.

Looking at the larger time frame, attention should be paid to the candle closure around $3,677. A continued rise towards this level could signal a breakout, potentially leading to a push to $3,800 in the near future.

From a midterm perspective, it is premature to make long-term predictions as there are still a few days left until the closure of the bar. The price remains distant from key levels, indicating that neither side is prepared for a significant movement.

Overall, it is more likely that Ethereum will continue to consolidate within the $3,400-$3,800 range in the coming days.

At present, Ethereum is trading at $3,595.