Ethereum Price Analysis: ETH rallies back to $3,300 resistance, breakout to follow?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD established support above $2,950 yesterday.ETH is set to break above the $3,300 resistance. Ethereum price analysis is bullish today as the market rallied from the $2,950 support yesterday and has already approached the $3,300 resistance. Therefore, we expect ETH/USD to finally break the $3,300 resistance and try to set further highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a strong bullish momentum over the last 24 hours as Bitcoin increased by 5.85 percent. Ethereum followed with even better results and is up by 7.96 percent. Meanwhile, Cardano (ADA) is among the best performers, with a gain of 22 percent. Ethereum price movement in the last 24 hours: Ethereum rallies away from the $2,950 support ETH/USD traded in a range of $3,022.01 – $3,251.17, indicating substantial volatility over the last 24 hours. Trading volume has increased by 18.8 billion, while the total market capitalization trades around $380.9 billion, resulting in the market dominance of 18.54 percent. ETH/USD 4-hour chart: ETH targets the $3,300 resistance On the 4-hour chart, we can see the Ethereum price approaching the previous significant resistance at $3,300 as bulls are ready for another attempt to break higher. ETH/USD 4-hour chart. Source: TradingView Ethereum price has seen a significant advance over the past month. After retesting t...