Ethereum, the second biggest cryptocurrency in terms of market cap witnessed its price go above the $3,000 mark. ETH in the last 24 hours has been moving in the $3,000 to $3,100 range. At press time, the market ap of ETH has moved up by 2.1%

$3,127 is the new weekly high for Ethereum (ETH) and the price is now consolidating gains. There is a strong support at the $3,080 mark and looking very bullish on the ETH/USD hourly chart, according to Trading view chart. 

The coin has been trading above the $3,000 mark and according to the charts, it might not be going down. 

$3,200 is another resistance point and if ETH touches the $3,200, it would see a bullish momentum. The price of ETH could jump upto the $3,280 resistance point after the $3,200 resistance point. 

The support on the downside is on $3,080 level and if ETH fails to clear the $3,120 mark. The next major support is on the $3,000 level and if it breaks this support then the price might move toward the $2,907 support level.