Ethereum Price Analysis: ETH returns above $3,100 resistance, further upside to follow?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD saw a rally today back above $3,100.Ethereum is likely to continue moving higher. Ethereum price analysis is bullish for today as the market returned above the $3,100 previous support after a strong advance overnight. Therefore, we expect ETH/USD to continue higher and regain even more of the loss seen earlier this week. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leaders, Bitcoin and Ethereum are up by 4.32 and 6.63 percent, respectively. Meanwhile, the rest of the top altcoins have seen an even better performance. Ethereum price movement in the last 24 hours: Ethereum returns above $3,100 ETH/USD traded in a range of $2,930.01 – $3,147.78, indicating mild volatility over the last 24 hours. Trading volume has decreased by 19.59 percent and totals $22.3 billion, while the total market cap trades around $368.7 billion, resulting in the market dominance of 18.62 percent. ETH/USD 4-hour chart: ETH ready to move higher? On the 4-hour chart, we can see the Ethereum price action pausing around the $3,100 mark as bulls likely prepare for a further push to the upside. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen bearish momentum over the past weeks. After peaking at around $4,000 at the start of September, the first drop lower was seen on the 7th of September...