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Cryptopolitan 2021-09-12 11:13:12

Ethereum Price Analysis: ETH breaks $3,350, further upside to follow today?

Ethereum Price Analysis: ETH breaks $3,350, further upside to follow today?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD consolidated below $3,350 resistance overnight.Ethereum starts to rally again. Ethereum price analysis is bullish for today as bulls gathered momentum to break above the $3,350 resistance this morning. Currently, ETH/USD pushes higher, indicating we might see the $3,600 next resistance tested later today. Cryptocurrency heat map. Source: Coin360 The overall market traded mostly in the green over the last 24 hours. Bitcoin is up by 0.91 percent, while Ethereum is up by 4.25 percent. Avalanche (AVAX) is among the best performers from the majors, with a gain of 30 percent. Ethereum price movement in the last 24 hours: Ethereum breaks out of consolidation below $3,350 ETH/USD traded in a range of $3,235.11 – $3,445.08, indicating mild volatility over the last 24 hours. Trading volume has decreased by 18.33 percent and totals $18.5 billion, while the total market cap trades around $401.7 billion, resulting in the market dominance of 19 percent. ETH/USD 4-hour chart: ETH targets $3,600 next? On the 4-hour chart, we can see the Ethereum price pushing higher over the past hours, indicating more upside to come later today. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen strong volatility over the past weeks. After several weeks of consolidation around $3,100-$3,350, ETH spiked higher at the end of August and rallied to $4,000 on the...

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