Ethereum

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The situation remains bullish on the market, according to <a href="https://u.today/cardano-ada-price-prediction-for-february-28" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="17f598e8-2be6-4179-82b5-9d57c58882f3" src="https://u.today/sites/default/files/inline-images/top10_966.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) keeps rising, going up by 3.80%. <img data-entity-type="file" data-entity-uuid="643e5d6b-9021-47df-808e-6aedf2ddf941" src="https://u.today/sites/default/files/inline-images/eth1_109.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ETH has formed a local resistance level of $3,501. At the moment, one should pay attention to the daily closure. If it happens far from that mark, there is a chance to see a local correction to the $3,400 zone. <img data-entity-type="file" data-entity-uuid="bb1dd804-4b37-4502-a146-3de40fc1a006" src="https://u.today/sites/default/files/inline-images/eth2_114.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of the leading altcoin has made a false breakout of yesterday's peak at $3,487.&nbsp;
However, if the bar closes above it, the rise is likely to continue to the $3,600-$3,700 area soon. <img data-entity-type="file" data-entity-uuid="bce21f15-eb83-4d8f-9fcb-e8764276c881" src="https://u.today/sites/default/files/inline-images/eth3_104.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, traders should pay attention to the nearest resistance level of $3,582. If the weekly candle closes with no long wick, the upward move may lead to the test of the vital zone of $4,000 next month.
Ethereum is trading at $3,479 at press time.

Ethereum (ETH) Price Prediction for February 29

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