#Will ETH see a strong rebound in May? Things are heating up in Ethereum (ETH): What's the latest situation?
Ethereum price started a strong rise above the $3,200 level. ETH outperformed Bitcoin and even surpassed the $3,300 resistance. However, the bears continue to threaten the $3,350 band.
A high was formed at $3,355 and the price started a new decline. There was a sharp move below the USD 3,300 level. The price fell below the 50% Fibonacci retracement level after a rise from $3,070 to $3,355.
On the ETH/USD hour chart, there was also a break below the important rise trend line, wher