The
cryptocurrency market is mostly falling today, according to CoinStats. The price of Ethereum (ETH) has dropped by 3.2% over the last 24 hours. On the hourly chart, the rate of ETH has made a false breakout of the local resistance at $3,231. If the daily candle closes above that mark, there is a chance to witness a test of the $3,250 area tomorrow. On the longer time frame, the picture is less positive for bulls. Buyers may start thinking about a midterm rise only if the rate of the main altcoin fixes above the resistance at $3,447.
