Ethereum Price Analysis: ETH sets higher low, ready to break $4,000 again?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD retraced and set a higher low yesterday.ETH is set to break $4,000 next. Ethereum price analysis is bullish for today as the market retraced yesterday and set another higher low. Therefore, we expect ETH/USD to continue rallying and break above the $4,000 mark once again. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. The market leader, Bitcoin, is down by 0.28 percent, while Ethereum has gained 0.6 percent. Filecoin (FIL) is among the best performers, with a gain of almost 20 percent. Ethereum price movement in the last 24 hours: Ethereum sets another higher low ETH/USD traded in a range of $3,837.93 – $3,955.71, indicating mild volatility over the last 24 hours. Trading volume totals $18.73 billion, down by 15.89 percent from yesterday. Meanwhile, the total market cap trades around $461.4 billion, resulting in market dominance of 20.16 percent. ETH/USD 4-hour chart: ETH set to break $4,000 again? On the 4-hour chart, we can see the Ethereum price starting to rally again as bulls look to set further highs. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has struggled to move higher over the past weeks. After finding resistance around $3,300-$3,350 in the middle of August, a several-week consolidation was seen. After retesting support at $2,950 on the 18th of Augu...