ETH 1-hour line status: After breaking the middle track, the strong upward trend has ended. From the current situation, the middle track has not formed strong resistance.
Therefore, we can first judge according to the range consolidation trend, and it is expected that there will be horizontal fluctuations with the upper and lower tracks flattening, with the range boundary approximately around 4700-4450.
Short-term long positions can be entered at the 4575 level, and if it breaks below 4550, we concede defeat, with targets at 4645, 4700, and 4780.$ETH