Can ETH Hold $4000 Support?

Ethereum dropped $4000 mark briefly this week and bounced back, leading traders to wonder if it can hold $4,000 support level. While the daily chart suggests that it could be doing so, the 4 hour chart shows ETH rejecting 20-SMA.  This leaves ETH at risk of sliding back below $4,000 support. If it recaptures $4400, there’s scope for a much stronger rebound to new highs.