Can ETH keep rising next week? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
The rate of Ethereum has not changed since yesterday. Over the last seven days, the price has grown by 3.08%.
The price of Ethereum has bounced off the local resistance level at $1,222.10. Traders should now pay attention to the hourly support at $1,215.60. If the drop continues to that point, the rate may reach the $1,200 zone tomorrow. On the bigger time frame, Ethereum has not accumulated enough power for a further move. The price is located in the narrow range with neither bullish nor bearish signals.An upward move may only happen if the rate fixes above the support level at $1,230.20.
On the weekly chart, the rate of Ethereum has made a false breakout of the support at $1,071. If today's candle closes with no long wicks, traders may expect to see a move to the nearest vital zone of $1,300 within the next weeks.
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