According to Coinstats, the last day of the week is bearish for most coins.
ETH/USD
The Ethereum (ETH) ratio has fallen by almost 1% since yesterday.
On the hourly chart, the main Altcoin is about to beat local support at $1,796. Once that happens and the daily bar closes below it, the decline can soon continue to $1,780.
In the larger time frame, ETH’s speed looks bearish as growth did not continue after a false breakout of $1,754 support.
If the Bulls are unable to seize the initiative soon, traders may immediately expect a test of the aforementioned mark.
From a medium-term perspective, sellers are stronger than buyers. If a breakout level of $1,754 could result in an even more severe drop to $1,600.
Ethereum trades at $1,794 at press time.
