According to Coinstats, the crypto market continues to set new peaks today.
ETH/USD
Ethereum (ETH) prices have risen 4.74% over the past 24 hours.
On the hourly chart, the percentage of ETH has fallen after an incorrect breakout of local resistance of $4,712.
If decline continues, you will likely be able to see a test of support up until tomorrow.
In the long time frame, when it comes to yesterday's bar peak, we should focus on daily bar closures. If the bar is closed for less than $4,639 with a long wick, the Bears could seize the initiative and fall into the $4,300 zone.
From a medium-term perspective, there are no inverted signals yet. If weekly candles are closed at current prices, traders may expect to test key areas of $5,000 by the end of the month.
Ethereum trades at $4,656 at press time.
