$ETH Firm Recovery of Ethereum $ETH After Support Test.
After a correction that took ETH to test the support at $4,166, the intervention of buyers drove a quick rebound. The bullish persistence was demonstrated by the rapid rise of the price above $4,300, reaffirming the bulls' control in the market.
For the momentum to continue, it is crucial that the price remains above $4,280, which could lead to a new attempt to overcome the resistance at $4,350. A successful breakout of this level would pave the way towards the next target at $4,400. On the other hand, a drop below $4,250 could indicate a brief correction before resuming the upward movement.
The current market momentum shows a solid recovery and a clear bullish bias.
