Looking at the ETH 4-hour K-line, it is currently in a state of fluctuation.
From a technical perspective, indicators like moving averages and RSI show that bulls and bears have been competing. After a previous surge, there has been a pullback, and the current rebound is not particularly strong. If there are no unusual on-chain activities, such as large whale sell-offs or buying sprees, it is unlikely to see extreme movements in the short term.
Unless there are significant positive or negative news, the market is likely to continue fluctuating. However, there is a potential risk in the technical aspect: the previous downtrend has not been fully reversed. If it breaks below key support levels, such as the 2580 - 2560 mentioned in the chart, or even lower, it could likely test lower levels again.
Personally, I feel that short-term fluctuations are the main focus. If you want to trade, don't blindly chase highs; if it breaks support, don't hold on stubbornly. If it can withstand the fluctuations, then look for breakout opportunities. The cryptocurrency market is volatile, so keep an eye on key levels and be ready to adjust your strategy at any time!
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