A correction may have begun on the cryptocurrency market, according to CoinStats.
![Ethereum (ETH) Price Prediction for March 15](https://i0.wp.com/cnews24.ru/uploads/a9f/a9f4613cf945048aa71dd8540fc68c4553d232dd.png?w=640&ssl=1)
ETH/USD
Ethereum (ETH) has followed the drop of other coins, going down by 4.32%.
![Ethereum (ETH) Price Prediction for March 15](https://i0.wp.com/cnews24.ru/uploads/fb7/fb770140beb3e3f910b3e70ba62306de22755720.png?w=640&ssl=1)
On the hourly chart, the rate of ETH is rising after a false breakout of the support of $3,619. However, it is too early to think about a further rise.
One should pay attentiont to the daily bar closure. If it happens above $3,700, the upward move may continue tomorrow.
![Ethereum (ETH) Price Prediction for March 15](https://i0.wp.com/cnews24.ru/uploads/574/574f11e6204a3ac79e868974a55940cfaffae420.png?w=640&ssl=1)
On the bigger time frame, the price of the main altcoin keeps falling after a failed attempt to fix above the $4,000 zone. If the candle closes below yesterday’s low, the fall may continue to the support of $3,502.
![Ethereum (ETH) Price Prediction for March 15](https://i0.wp.com/cnews24.ru/uploads/9d2/9d2d0e00ec387cb060b844fa3a9a588e42e717df.png?w=640&ssl=1)
From the midterm point of view, the rate has bounced off the $4,003 level. If sellers’ pressure continues, the drop may lead to the test of the $3,200-$3,400 area shortly.
Ethereum is trading at $3,705 at press time.
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