Can traders expect market reversal this week?
On the daily chart, traders should pay attention to the nearest resistance level at $26,267. If the daily bar closes near it or above, buyers might locally seize the initiative, which can lead to the test of the $26,800 zone soon.The rate of Ethereum has risen by 0.29% over the last 24 hours.
Despite a slight rise, the price of ETH is looking worse than BTC on the daily time frame as the rate is far from the resistance. As none of the sides has seized the initiative yet, sideways trading in the narrow range of $1,660-$1,680 is the more likely scenario for the next few days.XRP is one of the biggest losers today, falling by 2.25%.
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