Ethereum Price Analysis: ETH reaches a new all-time high at $4,840, set for a re

[Btceth01]

Ethereum price analysis is bearish today.
ETH/USD peaked at $4,840.
Closest support at $4,650 previous support.
Ethereum price analysis is bearish today as bulls are likely exhausted after setting a strong higher high at $4,840 overnight. Therefore, we expect ETH/USD to retrace over the next 24 hours and retest the previous high at $4,650 as support.
Ethereum Price Analysis: <a class=ETH reaches a new all-time high at $4,840, set for a retracement? 1" title="Ethereum Price Analysis: ETH reaches a new all-time high at $4,840, set for a retracement? 2">
Cryptocurrency heat map. Source: Coin360
The overall market saw bullish momentum continue over the last 24 hours. Bitcoin gained 2.58 percent, while Ethereum 0.79 percent. Meanwhile, Litecoin (LTC) dominated the market, with a gain of 18 percent.
Ethereum price movement in the last 24 hours: Ethereum reaches $4,840 as bullish momentum slows down
ETH/USD traded in a range of $4,710.24 – $4,837.59, indicating moderate volatility over the last 24 hours. Trading volume has increased by 17.66 percent and totals $19.54 billion, while the total market cap trades around $564 billion, resulting in the market dominance of 19.35 percent. Source