According to CoinMarketCap rankings, the last day of the week is neutral for the cryptocurrency market.
Ethereum (ETH) price is down 0.18% over the last 24 hours.
On local timeframes, Ethereum (ETH) is trading in a tight range, accumulating strength for its next move. A sharp rise or fall is unlikely as the price has passed most of the daily ATR.
On the daily chart, the rate is trading within yesterday’s candle range. This means the coin has not yet decided which way it will go. For now, the $1,500 zone should be the focus.
If buyers can hold onto that mark, growth can continue.
On a longer timeframe, the price failed to reach the $1,662 resistance level.
Ethereum is trading at $1,531 at the time of writing.