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The market is turning back to red, according to CoinMarketCap.
ETH/USD
The rate of Ethereum (ETH) has fallen by 0.41% over the last 24 hours.
On the hourly chart, the price of ETH is rising after a false breakout of the local support of $3,874. If the daily bar closes near the resistance, one can expect ongoing growth to the $3,980-$4,000 area over the weekend.
On the daily time frame, the rate of the main altcoin is going up. At the moment, one should pay attention to the nearest vital zone of $4,000.
Related
If its breakout happens, traders may witness a test of the resistance of $4,087 soon.
A bullish picture can be seen on the weekly chart. If the candle closes around the $4,093 level, the accumulated energy might be enough for a blast to the $4,400 zone.
Ethereum is trading at $3,944 at press time.
