Ethereum reclaimed the $4,200 support in a single daily candle, with On-Balance Volume (OBV) preserving its uptrend — a bullish confirmation that buying outweighs selling and suggests continued upside while traders monitor OBV for any breakdown risk.
Reclaimed $4,200 support in one candle, signaling strong buyer response
OBV remains in an uptrend, indicating net accumulation despite brief price dips
Traders should watch OBV support and reclaimed price levels to manage exposure and profit-taking
Ethereum support reclaimed near $4,200 with OBV holding uptrend — read key signals and short-term trading plan. Learn how to monitor risk and act.
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Ethereum reclaimed $4,200 support in a single daily candle while On-Balance Volume (OBV) held an uptrend, confirming continued bullish momentum and market resilience.
Ethereum briefly slipped below the $4,200 level but reversed sharply, reclaiming that support within one daily candle. This rapid recover indicates strong buyer interest and prevents the formation of a clear bearish structure on higher timeframes.
A reclaim within a single daily candle shows immediate absorption of selling pressure by buyers. It often reflects liquidity sweeps followed by recovery and helps build a layered support base that favors trend continuation rather than a prolonged reversal.
Source: https://en.coinotag.com/ethereum-reclaims-4200-support-obv-uptrend-may-signal-continued-bullish-momentum/