Strong rebound after testing support: Ethereum touched its support at $4,166 and we saw strong buying intervention pushing the price up to $4,300, which is evidence that buyers (bulls) are still in control.
Critical levels
Staying above $4,280 is important to attempt to test resistance at $4,350.
Breaking the resistance at $4,350 could open the way for a rise up to $4,400.
A drop in price below $4,250 could cause a small correction before continuing the rise.
Momentum and transparency: Focus on large trading volume and green (positive) candles as strong evidence for entering with confidence.
