Ethereum Rebounds Above $4,200 Support, Indicating Buying Pressure

Ethereum showcased resilience by recapturing its crucial support level at around $4,200. This rebound, witnessed in a single daily candle, reinforces the upward momentum observed within the market. The continued buying activity is evidenced by the strong OBV trend. 2. Despite brief dips below this level, Ethereum swiftly reclaimed support, indicating significant buyer involvement and preventing a bearish trend from forming.