Ethereum

April

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The bears' pressure remains relevant on the cryptocurrency market, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-april-4">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="f001043c-4bd9-44d8-a0f8-87d96572de1d" src="https://u.today/sites/default/files/inline-images/top10_1036.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 id="eth-usd">ETH/USD</h2>
The rate of Ethereum (ETH) has declined by 2.53% over the last day.
<img data-entity-type="file" data-entity-uuid="46d7e75f-dcd3-4ec9-baa0-d43105d2b3ac" src="https://u.today/sites/default/files/inline-images/eth1_116.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
On the hourly chart, the price of ETH might have found a local support level of $3,237. If the daily bar closes far from this mark, the rise may lead to the test of the $3,320 zone tomorrow.
<img data-entity-type="file" data-entity-uuid="cfedce38-6312-47b7-9827-62f8829d250d" src="https://u.today/sites/default/files/inline-images/eth2_121.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
On the bigger time frame, the rate of the main altcoin has once again bounced off the $3,214 level. If buyers can hold the gained initiative, there is a chance to see a local rise to the $3,350-$3,400 area by the end of the week.
<img data-entity-type="file" data-entity-uuid="6a40dc5e-745f-403f-9a0b-b6fc42476205" src="https://u.today/sites/default/files/inline-images/eth3_110.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT">TradingView</a>
A less positive picture can be seen on the weekly chart. The bar is trading near its low, which is a bearish signal in the midterm scenario. In this case, it is too early to think about a fast bounce back.&nbsp;
All in all, there is a still a possibility to see a test of the vital $3,000 zone soon.
Ethereum is trading at $3,283 at press time.

Ethereum (ETH) Price Prediction for April 5

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