Ethereum Price Analysis: ETH spikes lower one more time, support found at $2,640

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD saw another spike lower overnight.Ethereum is currently moving back towards $3,000. Ethereum price analysis is bullish for today as another spike lower was seen overnight, with a strong rejection following. Therefore, we expect ETH/USD to rally today and look to return above $3,000. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours. Bitcoin lost 1.8 percent, while Ethereum declined by 3.79 percent. Meanwhile, Solana (SOL) is the worst performer, with a loss of almost 6 percent. Ethereum price movement in the last 24 hours: Ethereum spiked to $2,640 support ETH/USD traded in a range of $2,676.41 – $3,101.70, indicating large volatility over the last 24 hours. Trading volume has increased by 5.14 percent and totals $30.34 billion, while the total market capitalization trades around $344.5 billion, resulting in the market dominance of 18.41 percent. ETH/USD 4-hour chart: ETH starts to recover On the 4-hour chart, we can see the Ethereum price action pushing higher this morning as bulls want to return above the $3,000 mark. ETH/USD 4-hour chart. Source: TradingView Ethereum price action continues to trade in a bearish momentum this week. After an initial spike lower on the 7th of September, ETH/USD established support around $3,100-$3,200. After some sideways movement, a slight rally was seen on the 15...