Ethereum
Ethereum (ETH) Price Prediction for May 3 — TradingView News
Cryptocurrency market is rebounding, according to CoinMarketCap.Top coins by CoinMarketCap
Ethereum rate
On the hourly chart, ETH price broke the local resistance level of $3,015. If the daily bar closes above, the upward movement could continue up to the $3,100 zone this weekend. Image from TradingView
On a longer time frame, the rate of the leading altcoin continues to rise after a false breakout of the $2,852 support level.
If the candle closes above yesterday’s high without a long wick, the growth could soon lead to a test of the $3,100-$3,150 zone. Image from TradingView
From a medium-term perspective, it is worth paying attention to the weekly candle close. If the price falls far from $2,900, buyers could take the initiative, which could lead to a rebound up to $3,200.
Ethereum is trading at $3,043 at press time.