Ethereum continues to rise; $1,600 next?

Today's Ethereum price analysis is positive after a steady rise yesterday and a sharp drop overnight.

Since then, ETH/USD has been rising as bulls prepare to breach $1,600.

The market had a mixed day yesterday. The leader, Bitcoin, rose 0.24 percent, while Ethereum climbed roughly 2 percent.

Last 24 hours, ETH/USD moved between $1,552.74 and $1,584.26, indicating modest volatility. 

Trading volume is up 22.37 percent to $10.46 billion, while market cap is $193.38 billion, for a 19.76% domination.

Ethereum's bullish momentum has waned after $1,650 last week. Quick response downward created a higher local low at $1,550.

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