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According to CoinMarketCap, the weekend got off to a positive start for most coins.
ETH/USD
Ethereum (ETH) rate has increased by 1.41% in the past 24 hours.
On the hourly chart, ETH price is near the local resistance at $2,467. If the daily candlestick closes around that area, we can expect a breakout of the level and a subsequent move to the $2,500 zone.
On the larger time frame, traders should keep an eye on the $2,466 level. If buyers can seize the initiative they have gained, the pent-up energy could be enough for a breakout and could move to the $2,520 to $2,600 range soon.
From a medium-term perspective, the situation is not very positive. Major altcoin rates are in the middle of a broad channel.
related
If nothing changes by the end of the week, the likely scenario is for the price to continue trading sideways in the $2,400-$2,600 range.
At the time of writing, Ethereum is trading at $2,462.
