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ETH - 4h. Buyers return the mark of $1270.

After setting a new local high on January 25, the ETH market began to correct. In the previous two days, sellers attacked the mark of $1270. In the previous idea, we wrote about the importance of this mark for the continuation of the upward trend in the price of ETH

ETH - 4h. The critical point of the local growth trend is $1270.

Yesterday, during the fall in the price of BTC, buyers of ETH for some time gave out under their control the level of $1270. However, if you look at the 12-hour candle, the sellers did not have the strength to fix the price below this mark:

To continue the growth trend, buyers need to determine how many sellers remain in the ETH market. Therefore, before testing our $1580 target, we will expect to repeat the test of $1270 . Only then will we be sure of continued growth.

An alternative scenario will take effect if buyers do not withhold $1270. In this case, sellers will continue to adjust the price in the ETH market to $1,200 (Black scenario)
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