TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD retraced to $3,200 overnight.Ethereum rallied to $3,350 today. Ethereum price analysis is bullish for today as a new swing low was set around $3,200 overnight with rejection for further downside. Therefore, we expect ETH/USD to move higher over the next 24 hours and look to retest the $3,600 resistance. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours with Bitcoin gaining 0.96 percent. Meanwhile, Ethereum gained 2.15 percent, and Cardano is the best performer, with a gain of 16.72 percent. Ethereum price movement in the last 24 hours: Ethereum set a higher low at $3,200 ETH/USD traded in a range of $3,157.06 – $3,343.67, indicating mild volatility over the last 24 hours. Trading volume has increased by 9.26 percent and totals $21.59 billion. The total market cap trades around $390.4 billion, resulting in market dominance of 18.65 percent. ETH/USD 4-hour chart: ETH tests $3,350 resistance next? On the 4-hour chart, we can see Ethereum moving higher today, with the $3,350 resistance currently preventing further upside. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen strong volatility this week. After peaking below $4,000 at the beginning of September, ETH/USD consolidated below the resistance until the 7th of September. From there, a rapid drop of more than 20 percent was ...
