Ethereum at this point is staying close to the 50 EMA after losing strength in holding the 30 and the 15 EMA. Although we are consolidating below resistance (bullish), the break of $3336 with an hourly close above that price would favour higher prices.
In failing to break $3289 shortly will result in a continuation to the downside, along with the crosses of the 15 and 30 EMA to fall below the 50 EMA. This will result in a drop to 3055.
In failing to break $3289 shortly will result in a continuation to the downside, along with the crosses of the 15 and 30 EMA to fall below the 50 EMA. This will result in a drop to 3055.