Ethereum Price Analysis: ETH slowly retests $3,300, a breakout to follow?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD rallied yesterday.$3,300 resistance retested overnight. Ethereum price analysis is bullish today as the market has rallied over the past 24 hours back to the $3,300 resistance after establishing a higher low around $3,100. Therefore, we expect bullish momentum to follow later today, leading ETH/USD to a breakout above $3,300 resistance. Cryptocurrency heat map. Source: Coin360 The crypto market moved in the green over the last 24 hours. Bitcoin is up by 1.42 percent, while Ethereum is by 0.3 percent. Meanwhile, Solana (SOL) is the best performer, with an increase of 14.77 percent. Ethereum price movement in the last 24 hours: Ethereum rallies back to $3,300 ETH/USD moved in a range of $3,217.40 – $3,284.85, indicating a low amount of volatility over the last 24 hours. Trading volume has decreased by 16 percent and totals $14.95 billion, while the total market cap trades around $380.6 billion. ETH/USD 4-hour chart: ETH set to break above $3,300 again? Looking at the 4-hour chart, we can see the Ethereum price approaching $3,300 again as bulls are ready for another attempt at breakthrough. ETH/USD 4-hour chart. Source: TradingView Ethereum price has struggled to reach further upside over the last weeks. After reaching the $3,300 resistance on the 14th of August after a series of slightly higher highs, bulls showed weakness. What followed was the star...