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The last day of the week is about to end bullish for the cryptocurrency market, according to CoinStats.ETH chart byCoinStats

ETHUSD

The rate of Ethereum ETHUSD has increased by 0.3% over the last 24 hours.Image byTradingView

On the hourly chart, the price of ETH is the middle of the local channel between the support at $3,365 and the resistance at $3,448.

As most of the daily ATR has been passed, any sharp moves are unlikely to happen today. In this regard, consolidation around the $3,400 zone is the more likely scenario.Image byTradingView

On the daily time frame, the situation is quite similar. The rate of the main altcoin is far from the resistance. Traders may only expect an ongoing rise if the bar returns to the $3,480 zone.Image byTradingView

From the midterm point of view, Ethereum ETHUSD has almost touched the $3,582 level. However, one should focus on the candle closure. If it happens above it and with no long wicks, the upward move may lead to a test of the $3,600-$3,700 area this month.

Ethereum is trading at $3,428 at press time.

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Ethereum (ETH) Price Prediction for March 3 TradingView News - TradingView