Ethereum

Ethereum (ETH) Price Prediction for May 3 — TradingView News

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Cryptocurrency market is rebounding, according to CoinMarketCap.Top coins by CoinMarketCap

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Ethereum rate ETHUSD increased by 1.38% in the last 24 hours. Image from TradingView

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.

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