Ethereum Price Analysis: ETH spikes higher after a quick test of $2,750 support

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD starts to recover after a retest of previous support.Ethereum is likely to test $3,100 today. Ethereum price analysis is bullish today as the market saw a strong move higher today after a retest of $2,750 support. Therefore, we expect ETH/USD to continue higher today and look to test the $3,100 resistance. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leader, Bitcoin, is up by 1.74 percent, while Ethereum has gained 1.87 percent. The rest of the top altcoins have seen mixed results, with Uniswap (UNI) being the best performer. Ethereum price movement in the last 24 hours: Ethereum spikes higher after a retest of $2,750 support ETH/USD traded in a range of $2,744.58 – $3,009.13, indicating strong volatility over the last 24 hours. Trading volume has decreased by 1.09 percent and totals $21.7 billion, while the total market cap trades around $348.9 billion, resulting in the market dominance of 18.38 percent. ETH/USD 4-hour chart: ETH targets previous high next? On the 4-hour chart, we can see the Ethereum price gaining momentum as bulls are ready to push the market higher. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen strong volatility so far this month, with the market declining overall. After the first drop on the 7th of September, ETH/USD establis...