Ethereum found support this week after the price bounced off the $2,870 level and closed with a 10% gain. If this bounce is sustained, ETH could test the resistance at $3,300 in the future.
At the time of this post, the price is above $3,000, which suggests a sustained recovery, at least until the current resistance is tested.
Looking ahead, the overall sentiment remains bearish even if the price is in a relief rally right now. If buyers want to regain control of the price action, they need to break above $3,300 and turn that level into a support.
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