ETH Price Bounce to $4.2K After $4.06K Sweep

• ETH bounced sharply after hitting $4.06K support
• Footprint data shows strong buy absorption around $4.10K
• A break above $4.28K could signal bullish momentum

Ethereum (ETH) saw a swift recovery to $4.2K after dipping to $4.06K earlier today, marking a clear bounce off a key support level. The quick rebound suggests strong buyer interest, with footprint charts indicating notable absorption near the base.

On Binance’s 15-minute chart, ETH had been making lower highs from $4.36K down to the sweep of $4.06K. However, after reclaiming $4.10K, market structure began to shift. The SuperTrend indicator flipped green, showing signs of recovery momentum. This bounce sets up a potential trading range between $4.06K and $4.28K.

Footprint Charts Highlight Bullish Absorption

The footprint data reveals clear buying activity around the $4.10K level, suggesting that bulls are absorbing sell pressure efficiently. Meanwhile, the liquidation heatmap shows clustered short liquidations above $4.28K and near $4.32K, implying that a move higher could trigger a squeeze.

Current resistance levels include $4.24K–$4.28K, with additional supply sitting at $4.32K and $4.36K. On the downside, support is forming around $4.16K, $4.12K–$4.10K, and the major bounce base of $4.06K.

Key Levels to Watch

For bulls, a clean break above $4.28K could signal a momentum shift and pave the way to retest $4.32K and possibly $4.36K. However, failure to hold above $4.10K could open the door for another test of the $4.06K base.

As long as ETH remains above the $4.10K–$4.06K range, the short-term outlook leans neutral to bullish.

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