Buyers keep setting new local peaks as the top 10 coins are in the green zone.
ETH/USD
The rate of Ethereum (ETH) is up about 15% during the past week.
On the local time frame, Ethereum (ETH) is stuck between the support at $1,313 and the resistance at $1,386. The price is currently close to the upper level, which means that the bulls are more powerful than the bears.
If the pressure continues, there is a chance to see the major altcoin near $1,400 by the end of the day.
On the daily chart, Ethereum (ETH) is consolidating above the crucial $1,281 level. As long as the price does not rise above this, the bulls control the market position. In this case, the more likely scenario is trading sideways between $1,300 and $1,400, so the bulls can accumulate energy for a further move.
From a medium-term perspective, Ethereum (ETH) is looking bullish as the price broke the $1,300 mark. Thus, the buying volume is increasing, which means that a rate of around $1,500 can be expected in the next few weeks.
Ethereum is trading at $1,356 at press time.