An immediate support is near the $42,250 level and a connecting bullish trend line on the hourly chart.
A clear move above the $43,000 level could set the pace for a fresh rally.
A downside break and close below the $3,110 support level may perhaps open the doors for a drop to $3,020.
On the upside, the price is facing resistance near the $3,165 level.
It is up over 5% and the current price action suggests more upsides above the $100 resistance.