The increase in Ethereum's price in the morning was completely reversed by the afternoon, with the price dropping back to near the daily opening price. This trend is quite obvious; it indicates that large holders are selling off in large quantities at high prices.

Currently, the nearest strong support area is between 4160 and 4180. This position not only corresponds to previous low points when there were multiple dips, but it is also the neckline of a small double top formation.

Traders may consider placing long positions in the 4160-4180 range to seize the opportunity for a rebound, with a target looking at 4300#ETH突破4300 .