According to CoinStats, sellers have not yet recovered to take the initiative on the first day of the weekend.

ETH/USD

The price of Ethereum (ETH) has increased by 4.33% since yesterday.

On the hourly chart, the price of Ethereum may have established a local resistance level at $2,448. Given that most average ranges have been exceeded, it is unlikely that traders will see sharp movements by tomorrow.

On the larger time frame, the price of the major altcoin remains within yesterday's range, indicating that neither side is in control.

Buyers may start considering a medium-range rise only if the level of $2,533 is breached.

From a medium-range perspective, there are no reversal signals yet. If the weekly bar closes at current prices, traders may soon test the range of $2,500-$2,600.

Ethereum is trading at $2,424 at the time of publication

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