Ethereum price analysis: ETH breaking out of bearish streak

TL;DR Breakdown Ethereum price analysis reveals that the cryptocurrency is breaking free from bears.Strong support is currently found at the $3,050 mark.Strong resistance is currently found at the $3,150 mark. The Ethereum price analysis reveals that the queen is following the king very closely for the past few days, and as Bitcoin is emerging out of the bearish trend, it is also pulling Ethereum out of the ditch. The queen of cryptocurrency is trading hands for $3,125 at the time of writing, while the persistent strong support found at the $3,050 mark is keeping the queen above the $3,000 psychological barrier. Ethereum price analysis 1-day: signs of bullish trend ahead The Ethereum price analysis on the 1-day candlestick chart reveals signs of bullish momentum ahead in the near future. The queen of cryptocurrency is likely to retest previous levels found above the $3,150 mark. The volatility is decreasing on the 1-day candlestick chart, which is a positive sign for the queen. The upper Bollinger band is found at the $3,373 mark serving as the strongest resistance for ETH/USD pair right now. ETH/USD 1-day candlesticks price chart. Source: Trading View The lower Bollinger band serving as the strongest support is currently found at the $2,974 mark. Both the Bollinger band average and nine-day moving average (SMA 9) are presenting strong resistance to the queen at the values of $3,174 and $3,208, respectively. The relative stre...