Recent data indicates that Ethereum (ETH) shows a slight decline. Analysis of current trends suggests potential for further growth.
Current Ethereum Price
Over the last 24 hours, the price of Ethereum (ETH) has decreased by 0.34%, currently valuing at $3,050. On the hourly chart, a local resistance is noted at $3,067.
Short-term and Mid-term Predictions
On longer time frames, the asset's situation appears bullish; if a breakout above $3,045 occurs, an upward shift towards the $3,100-$3,200 range is likely. While ETH remains above the $2,857 level, mid-term prospects stay positive, though the bulls may need time to gain momentum.
Overall Market Situation
The cryptocurrency market overall seems challenging, with most top-10 coins positioned in the red zone. Currently, stalled increases could lead to sideways trading in the $2,800-$3,000 range until the week's end.
While Ethereum experiences a minor decline, overall market trends remain bullish with hopes for further growth in the coming days.
