Can ETH recover after yesterday's sharp fall? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
The price of Ethereum is slightly rising, going up by 0.52% over the last 24 hours.
On the local chart, the situation is neither bullish nor bearish as none of the sides could seize the initiative. In this case, one should not expect any sharp moves by the end of the day.. Until the rate is above it, buyers have a chance to bounce back. However, one should not expect any midterm bullish trend reversal, as the leading altcoin has not accumulated enough power for that.
On the weekly chart, the situation remains unclear as only a few days remain until Saturday, which means that there is still a chance to see some intraday moves to make a decision about further actions.
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