Unlike Bitcoin (BTC), Ethereum (ETH) has continued to rise after the correction, going up by 4% over the last day.
On the daily chart, Ethereum (ETH) is looking bullish as the chief altcoin has successfully bounced off the $2,400 mark. Bears are losing their power, which is confirmed by the declining selling trading volume. If ETH can fix above $2,650, the next target at $3,100 may be achieved soon.
Ethereum is trading at $2,800 at press time.