According to CoinStats, most coins are increasing in rate today.
ETH/USD
Ethereum (ETH) price has increased by 3.18% in the past 24 hours.
On the hourly chart, the ETH rate accidentally broke through the local resistance at $2,834.
However, if the daily candlestick closes near or above that mark, the rally could soon continue into the $2,900 range.
Looking at the larger time frame, the prices of major altcoins are far from their major levels. Volume is down, meaning traders are unlikely to see any sharp moves by the end of the week.
From a medium-term perspective, we should keep an eye on the weekly close at the $2,857 level. If a false breakout occurs, traders could see a local return to the $3,000 to $3,200 zone.
At the time of writing, Ethereum is trading at $2,817.
