On the local time frame, Ethereum is trading in a narrow range, accumulating power for the next move. A sharp rise or decline is unlikely as the price has passed most of its daily ATR.
On the daily chart, the rate is trading within yesterday's candle, which means that the coin has not decided which way to go yet. At the moment, one should pay attention to the $1,500 zone.On the bigger time frame, the price has failed to get to the resistance level of $1,662. However, if the bar closes with no long wicks, growth to the area of $1,700 may happen by the end of the month.
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