Ethereum (ETH) Price Prediction for March 7

Sellers have returned to the game, according to CoinStats.

ETH/USD

The rate of Ethereum (ETH) has dropped by 4.67% since yesterday.

On the hourly chart, the price of ETH is in the middle of the channel. The volume remains low, which means traders are unlikely to witness sharp moves by tomorrow.

On the bigger time frame, the picture is neither bullish nor bearish.

In this case, ongoing sideways trading in the narrow range of $2,100-$2,300 is the more likely scenario.

On the weekly chart, there are no reversal signals so far. If the bar closes near the support of $1,882, one can expect a level breakout, followed by a dump to the $1,600-$1,800 zone.

Ethereum is trading at $2,181 at press time.

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