$ETH The market returned to the green on the first day of the week,
The price of Ethereum ($ETH ) has risen by 3.41% since yesterday.
On the hourly chart, the price of Ethereum looks bullish. If the daily bar closes near the resistance level or breaks it, a test of the $2,700 range is expected soon.
In the longer term, the price of the leading cryptocurrency is situated in the middle of the wide price channel, between the support level of $2,317 and the resistance level of $2,857.
As neither bulls nor bears control the market, the chances of increased volatility are slim by the end of the week.
From a medium-term perspective, the price of Ethereum approaches the resistance level at $2,857. If the rise continues, we are likely to see a test of the vital $3,000 level.
Ethereum is trading at $2,624 at the time of publication.
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