【Emergency Update】Is the Ethereum short-term pullback over? The 4600 profit-taking level has been locked!
Ethereum's current price of 4550 has seen a brief drop, but the technical outlook remains bullish.
Short-term profit-taking pressure combined with a slight pullback in Bitcoin has affected market sentiment.
The key support level currently lies around 4460; if this support level is breached, it may fall back to the range of 4430 to 4450, where we can consider entering a long position. Those who have already entered can add to their positions around 4460.
If it breaks through the key resistance level around 4540, it will quickly rebound to the target level near 4600.
There are strategies for getting out of positions; those who are stuck can take a look.