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Most of the coins keep rising, according to CoinMarketCap.
Ethereum (ETH) is one of the biggest gainers today, rocketing by 4.56%.
On the hourly chart, the price of ETH has made a false breakout of the resistance level of $2,331.
If the daily bar closes far from it, there is a chance to see a further correction to the $2,300 zone tomorrow.
On the bigger time frame, one should pay attention to the candle’s closure in terms of the resistance level of $2,392. If that happens near it or above, the upward move may continue to the $2,500 area soon.
From the midterm point of view, closure near $2,400 plays a key role in terms of further growth. If buyers can hold the initiative, the rise may lead to the test of the $2,500-$2,700 zone shortly.
Ethereum is trading at $2,325 at press time.