ETH faces resistance after a surge, be wary of pullback risks!
There is significant selling pressure around $4220, and the bulls are struggling to push higher.
The current price is oscillating around $4180, and if it loses support, it may quickly test the $4000 level.
Although the trend remains strong, it is not advisable to aggressively chase long positions in the short term.
For those with positions, it is recommended to reduce holdings on rallies; for those looking to enter, wait for a stable pullback.
If it breaks through $4200 and holds, we can look towards $4500.
