Ethereum

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The cryptocurrency market is <a href="https://u.today/doge-price-prediction-for-may-3" rel="noopener noreferrer nofollow">bouncing off</a>, according to CoinMarketCap. <img data-entity-type="file" data-entity-uuid="f5bedf7c-e45c-41bd-a8f0-a8aa0e9b567e" src="https://u.today/sites/default/files/inline-images/top10_1092.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 rate of Ethereum (ETH) has increased by 1.38% over the past 24 hours. <img data-entity-type="file" data-entity-uuid="f195a9ca-83cc-4591-857e-1b17b2ce0cdd" src="https://u.today/sites/default/files/inline-images/eth1_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ETH has broken the local resistance level of $3,015. If the daily bar closes above it, the upward move may continue to the $3,100 zone on the weekend. <img data-entity-type="file" data-entity-uuid="ed159353-2e8d-463b-8e25-ee8b2699268b" src="https://u.today/sites/default/files/inline-images/eth2_122.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate of the main altcoin keeps rising after a false breakout of the support level of $2,852.
If the candle closes above yesterday's peak with no long wick, growth may lead to the test of the $3,100-$3,150 area soon. <img data-entity-type="file" data-entity-uuid="e6d23184-cf13-4c3e-83bc-acf15ba3f705" src="https://u.today/sites/default/files/inline-images/eth3_112.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ETHUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the weekly candle closure. If it happens far from $2,900, buyers might seize the initiative that can lead to a bounce back to $3,200.
Ethereum is trading at $3,043 at press time.

Ethereum (ETH) Price Prediction for May 3

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