According to CoinStats, bears are stronger than bulls even though some coins are in the green zone.
ETH/USD
Ethereum (ETH) price has remained almost unchanged since yesterday.
On the hourly chart, the ETH rate has broken above the local support at $3,342. If this happens, the decline could test the $3,300 area by tomorrow.
Looking at the longer time frame, the prices of major altcoins are trading within yesterday's bars, meaning that neither buyers nor sellers have accumulated enough power to take control.
In this regard, a sideways trade in the $3,300 to $3,500 range is the most likely scenario.
From a medium-term perspective, traders should pay attention to the nearest support at $2,857. If the weekly closes near that mark, the decline could continue into the $2,500 to $2,800 range.
At the time of writing, Ethereum is trading at $3,342.
