According to CoinStats, most cryptocurrencies have returned to the red zone at the beginning of the week.
$ETH/USD
Ethereum rate ($ETH) has fallen 3% over the past day.
On the hourly chart, $ETH It is rising after accidentally breaking the local support at $2,013. If the pressure from the bulls continues, resistance is likely to be tested tomorrow.
On a longer time frame, the situation is neither bullish nor bearish as the rates of major altcoins are far away from support and resistance levels.
Therefore, volume continues to decline, confirming the lack of energy among buyers and sellers. Overall, traders are unlikely to witness any sharp moves anytime soon.
From a medium-term perspective, the XRP rate is in the middle of a wide channel between support at $1,385 and resistance at $2,624. Neither side has the upper hand, so a consolidation in the $1,900 to $2,100 range is the most likely scenario.
At the time of writing, Ethereum is trading at $2,062.
