On the local chart, the rate of Ethereum is testing the resistance level at $1,860.50. At the moment, traders should focus on the bar's closure.
If it happens around that area, the breakout may lead to a blast to the $1,870 zone shortly.On the bigger time frame, the price of ETH remains bearish as the rate has not bounced off far from the support level. In addition, the buying volume is low, which means that bulls are not ready yet to buy the coin.
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