Some cryptocurrencies continue to achieve new local highs, while others have returned to the red zone.
#ETHUSDT
The price of Ethereum ($ETH ) has increased by 2.29% in the last 24 hours.
On the hourly chart, the price of the main altcoin made a false breakout of the local resistance at $2,502. However, if a correction does not occur and today's candle closes around that mark, there is a chance to see a rise to the $2,550 range.
On the longer time frame, buyers are trying to take control of the initiative as the price of $ETH rises.
After yesterday's bearish candle.
If a breakout occurs at the temporary level of $2,500, the rise may continue to the $2,600 range.
From a medium-term perspective, the price is still far from the key levels. Buyers may start to consider a medium-term rise only when the price returns to the resistance level at $2,857.
It is trading at $2,486 at the time of writing this report. #BTC110KToday? #BinanceAlphaAlert #BinanceTGEXNY