Ethereum

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Some coins are already trading in the red zone, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-march-10" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="fd63e5fc-a739-4d39-9097-39b97fbac1be" src="https://u.today/sites/default/files/inline-images/top10_985.png">ETH chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="eth-usd">ETH/USD</h2>
The price of Ethereum (ETH) has grown by 1% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="05837962-3dae-4e0c-bdb9-811f147ff815" src="https://u.today/sites/default/files/inline-images/eth1_112.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 might have set a local resistance level at $3,970. If the daily candle closes far from that mark, the drop is likely to continue to the support at $3,908. Such a scenario is relevant until tomorrow. <img data-entity-type="file" data-entity-uuid="65879957-ad8a-4d22-ac94-d78c5a1cd5b6" src="https://u.today/sites/default/files/inline-images/eth2_117.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price of the main altcoin is once again trying to fix above the recently formed level of $3,940. If that happens, the rise may lead to a test of the important area of $4,000 shortly. <img data-entity-type="file" data-entity-uuid="8d1004ee-9dd4-496e-91ff-0a1fa5549843" src="https://u.today/sites/default/files/inline-images/eht3_2.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, bulls are not facing any pressure from bears despite the recent sharp growth. At the moment, one should focus on the nearest zone of $4,000.
If a breakout happens, it might be a prerequisite for a further upward move to $4,100-$4,200.
Ethereum is trading at $3,936 at press time.

Ethereum (ETH) Price Prediction for March 10

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