Ethereum Price Faces Rejection at Supertrend Resistance, Bulls Defend $4,200 Support

Ethereum experienced a rejection at the $4,834 Supertrend resistance level, causing a drop to near $4,435. However, bulls are actively defending the critical $4,200 support level to maintain the current trend. While the price has declined by approximately 8.2% due to this rejection, analysts emphasize that higher timeframe structure remains intact above $4,200. The bullish case hinges on maintaining this support area.