Eth follows the other allies as the price moves along the green

Ethereum follows the other allies as the price moves along the green ascending trend line. The cryptocurrency has added 0.61 percent in the past 24 hours. ETH/USD jumped off the red descending trend line on Friday and shows bullish moods since. The currency pair is far above the Ichimoku cloud meaning buyers are controlling the market.

The possible scenarios for the currency pair are the following:

1. EHT/USD will develop its local downside tendency towards the higher border of the Ichimoku cloud to test it. Bears will have an opportunity to test the closest support area at $696.07 if successful.

2. Ethereum will reverse and jump over the green ascending trend line on the Hourly chart. Buyers will drive the currency pair even higher towards the closest resistance area at $731.22 in this case.

3. There will be no significant changes and the currency pair will stay close to the current levels.

As for the daily chart, there are no significant events to discuss here. However, ETH price remains above the Ichimoku cloud meaning buyers are dominating the market.

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