The cryptocurrency market, according to CoinMarketCap, has turned green after a correction, with Ethereum being one of the leaders in growth.
Cryptocurrency Market Recovers
After the weekend when the cryptocurrency market underwent a correction, the situation began to stabilize. Data indicates that the market is exhibiting positive changes again.
Ethereum Market: Upcoming Predictions
Ethereum (ETH) has become one of the most successful assets today, increasing by 3.89%. The hourly chart shows that there is a rise after a resistance breakout. If the daily bar closes at current levels, a test of the $3,700 mark can be expected soon.
Long-term Prospects for Ethereum
From the long-term perspective, it is too early to make definitive conclusions. Trading volumes are declining, indicating likely sideways trading in the range of $3,500 to $3,800. Currently, Ethereum is trading at $3,650.
In conclusion, the cryptocurrency market is recovering, and Ethereum is showing positive signs of growth, though current trading volumes need to be considered.
