According to CoinStats, there are no reversal signals in the market so far.
ETH/USD
Ethereum (ETH) price has fallen 3.52% since yesterday.
On the hourly chart, the ETH rate is rising following a rebound from the local support at $3,474. If the daily chart closes near the resistance level, the rally could continue into the $3,700 range.
Looking at the longer time frame, the price of the major altcoin is heading towards the support at $3,354.
If the bulls fail to take control, we expect the price to continue falling into the $3,300-$3,400 region.
The situation is similar in the medium term. If a breakout of the $3,354 level occurs, the accumulated energy could be enough to push it further down to the $3,000 zone.
At the time of writing, Ethereum is trading at $3,553.
