According to CoinStats, bulls are starting to lose control in the crypto market. Ethereum (ETH) has experienced a 4.37% increase in price over the last 24 hours. On the hourly chart, ETH has surpassed the local resistance of $3,370, suggesting that if buyers maintain control, the price could potentially reach the $3,500 mark by tomorrow. However, on a larger time frame, it is important to monitor the daily bar's closure. If it closes around current prices, there may be a test of the $3,500-$3,600 zone by the end of the week. From a midterm perspective, the overall outlook for Ethereum is less bullish as it remains far from key levels. In this scenario, the more likely outcome is sideways trading around current prices. At the time of writing, Ethereum is trading at $3,404.



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