The cryptocurrency market is showing growth, with particular attention to Ethereum, which has recorded an increase of almost 6.15%.
Current ETH/USD Dynamics
Ethereum (ETH) is showing a noticeable rise of 6.15% as of now. However, on the hourly chart, a decline in rates is observed after a false breakout of the resistance at $3,478.
Forecast for the Coming Days
Considering the current pressure from sellers, a further decline down to the support level is expected by tomorrow. Traders should watch for the daily close around the $3,425 level. If this occurs significantly lower, bears may take charge.
Ethereum Price Prospects
From a midterm analysis perspective, the main altcoin tested the $3,453 resistance level. If buyers can maintain the initiative and keep the price near this level, there may be a breakout opportunity, leading to further growth to the $3,750-$4,000 range.
Currently, Ethereum is trading at $3,403, and the coming days may influence price movements, so traders should monitor the situation closely.
