hi dear Traders
The rate of Ethereum (ETH) is almost unchanged since yesterday. The price rise has increased by 0.86% over the last 24 hours.
On the hourly chart, Ethereum (ETH) has touched the zone of the most liquidity around $4,500, which means that bulls may have gained enough power for continued growth. In this case, the main altcoin may come back to the resistance at $4,591 by the end of the day.
At the moment, trading volumes have decreased, and the price has retraced slightly.
Ethereum (ETH) made a false breakout after setting a new peak at $4,643. The selling volume is low, which means that the current decline might be considered as a pullback before further growth.
However, one may expect the price to drop to the nearest support level at $4,375, followed by a fast bounce back.
Ethereum is trading at $4,470 currently
