Most of the coins are in the green zone again, according to CoinStats.
ETH chart by CoinStatsETH/USD
The rate of Ethereum (ETH) has risen by 0.63% over the last day.
Image by TradingViewOn the hourly chart, the price of ETH is in the middle of the local channel between the support of $2,921 and the resistance of $2,938. As neither side is dominating, there are low chances to see sharp moves by tomorrow.
Image by TradingViewOn the bigger time frame, the situation is similar. The technical position of ETH has not changed a lot since yesterday.
The volume is low, confirming the absence of buyers’ and sellers’ energy. All in all, sideways trading around the current prices is the more likely scenario until the end of the week.
Image by TradingViewFrom the midterm point of view, the rate of the main altcoin does not have enough strength for a sharp move. In this case, traders are unlikely to witness sharp ups or downs soon.
Ethereum is trading at $2,928 at press time.
Source: https://u.today/ethereum-eth-price-analysis-for-december-27
