A little while ago I made an analysis on ETH and the it was trading in. In this analysis I talked about the $3000 being my short-term target, and that a minor correction was to be expected after reaching this area.
The $3000 area indeed ended up being an area of resistance, as ETH is currently seeing a rejection from that area.
From what I'm seeing, there's a decent probability that ETH will re-test the channel's resistance. It would be incredibly if we can see a nice bounce from that area.
Naturally, the $3000 area functions as strong area of resistance, so that's our first target. In case we can continue this break out, I'm expecting ETH to move back to $3300 in the next week or so.