TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD retested previous support yesterday.ETH rallies back to $3,300 previous high. Ethereum price analysis is bullish for today as the previous low of around $3,100 was retested yesterday and reversal was seen overnight. Therefore, we expect ETH/USD to trade higher today and look to finally break above the $3,300 resistance. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. Bitcoin is down by 0.7 percent, while Ethereum is up by 0.19 percent. Ripple (XRP) is among the worst performers, with a loss of 5.6 percent, while Solana (SOL) is among the best, with a gain of 12 percent. Ethereum price movement in the last 24 hours: Ethereum retests the $3,100 support ETH/USD traded in a range of $3,119.79 – $3,289.00, indicating mild volatility over the last 24 hours. Trading volume has increased by 3.94 percent and totals $24 billion. Meanwhile, the total market capitalization trades around $384.9 billion, resulting in market dominance of 18.96 percent. ETH/USD 4-hour chart: ETH ready to breach $3,300? On the 4-hour chart, we can see the Ethereum price approaching the $3,300 resistance as bulls look to continue the several-week advance. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen an increase by more than 90 percent over the past month after the previous significant swi...
