Ethereum (ETH) Price Prediction for April 5.

ETH/USD.

The rate of Ethereum (ETH) has declined by 2.53% over the last day.

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.

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.

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.

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.