Today, let's have a good chat about the latest trends of Ethereum (ETH) from key perspectives such as technical analysis and market sentiment, providing a deep analysis for everyone.

First, let's look at the technical structure and key price levels. As of today during the Asian trading session, the current price of Ethereum is $4425. From a technical standpoint, the hourly chart has formed a 'descending triangle', and on the 30-minute level, it is also under pressure from the EMA120 moving average, with the resistance level approximately in the range of $4530 - $4560. Observing the trading volume, it continues to shrink, indicating insufficient rebound momentum, and the selling pressure has not yet been fully released; the short-term situation is not very optimistic.

Next, let's discuss the key support and resistance levels. On the support side, $4380 is the zone of bullish-bearish transition and also a Fibonacci retracement level; this position is critical, and if it breaks, bears may gain further strength; $4300 is the cost zone for on-chain whales and also a strong psychological support level, as the whales have their cost here, they certainly won't let the price fall easily; $4320 - $4150 is the previous low platform at the weekly level; if this range is broken, it may trigger algorithmic selling pressure, leading to a new round of decline.

On the resistance side, $4450 is the position of the 4-hour EMA200 moving average; the price will have to exert effort to break through; $4550 - $4620 is the Fibonacci 50% resistance level, coupled with the pressure from the daily middle band, making the resistance considerable; $4700 is the pressure zone from the August high, previously the price was suppressed here, making the difficulty of breaking through evident.

Finally, let's talk about today's strategy from Long Brother. If it pulls back to around $4430 - $4400, you can directly go long, targeting around $4475 - $4560. But everyone must remember to set a stop loss when entering the market; never hold a losing position. The market changes too quickly, and risk control is very important! #ETH