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Cryptopolitan 2021-08-24 12:36:54

Ethereum Price Analysis: ETH slowly consolidates above $3,300, targets $3,600 next?

TL;DR Breakdown Ethereum price analysis is bullish for today.ETH/USD broke past the $3,300 resistance yesterday.Ethereum consolidates before further upside. Ethereum price analysis is bullish today as the market moved past the $3,300 resistance yesterday and has since consolidated above the support. Therefore, we expect ETH/USD to start another rally later today and reach the $3,600 resistance next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with a slight bearish momentum over the last 24 hours. The market leader, Bitcoin, has lost 1.92 percent, while Ethereum is down by 0.82 percent. Meanwhile, Solana (SOL) is among the best performers, with a gain of 6.6 percent. Ethereum price movement in the last 24 hours: Ethereum consolidates above $3,300 ETH/USD traded in a range of $3,283.02 – $3,373.38, indicating a low amount of volatility over the last 24 hours. Trading volume totals $19.5 billion, down by 1.96 percent from yesterday. The total market capitalization trades around $389.15 billion, resulting in market dominance of 18.22 percent. ETH/USD 4-hour chart: ETH ready to move to $3,600 next? On the 4-hour chart, we can see the Ethereum price consolidating above the $3,300 mark in preparation for a further rally this week. ETH/USD 4-hour chart. Source: TradingView Ethereum price action has seen a substantial advance over the past month. After establishing a major swing low of around $1...

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