Ethereum (ETH) Price Prediction for May 10

Sellers are not ready yet to seize the initiative on the first day of the weekend, according to CoinStats.CoinStats">The price of Ethereum has gone up by 4.33% since yesterday.TradingView">On the hourly chart, the rate of ETH might have set a local resistance of $2,448. As most of the ATR has been passed, traders are unlikely to witness sharp moves by tomorrow.TradingView">On the bigger time frame, the price of the main altcoin is within yesterday's bar, which means neither side is dominating.Buyers may only start thinking about a midterm rise if a breakout of the $2,533 level happens.TradingView">From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the current prices, traders may witness a test of the $2,500-$2,600 range soon.Ethereum is trading at $2,424 at press time.