$ETH just experienced a spike in price, quickly dropping and then rapidly recovering, gaining 60 points in 4 hours, with the price returning to around 4300. The support at this key level seems to be holding firm. From the market perspective, the lack of continued decline after the spike indicates that there are buyers supporting the price below, suggesting a potential rebound in the short term.
In my personal opinion, this is a repair after a short-term oversell. For those who want to participate, consider trying with a light position, focusing on the support at 4300 and changes in volume; for those observing, it’s more prudent to wait for a clear breakthrough above 4400 before entering the market. In summary, with the support stabilizing after this spike, a rebound looks promising.
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