Ethereum (ETH) Price Prediction for March 10

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Written By Maya Cantina

Sun, 10/03/2024 – 14:50

Cover image via www.tradingview.com

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Some coins are already trading in the red zone, according to CoinStats.

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ETH chart by CoinStats

ETH/USD

The price of Ethereum (ETH) has grown by 1% over the last 24 hours.

Image by TradingView

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.

Image by TradingView

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.

Image by TradingView

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.

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