Ethereum's Bull-Bear Tug of War at 4300 Points
ETH is currently hovering around 4300, a very interesting point—it's both a previous resistance level that has held back prices and a strong support level that can act as a floor. Bulls and bears are locked in a struggle here, neither side giving way.
Looking at the daily chart, the rising channel hasn't been broken; the area around 4450-4500 is a high ground. If we break through that, new upward space could open up.
On the funding side, the situation is more tangible, as institutions have noticeably increased their positions in mainstream coins recently. As the 'second in command,' ETH has strong holding power. If it can hold above 4300, it will signal bulls to move.
Short-term sentiment is a bit jumpy; when volatility rises, retail investors can easily get shaken out. Chasing the rise? Be careful not to become someone else's 'chives'. The cautious should time their moves carefully.
The strategy is quite simple:
4300-4250 is a balance zone; if it holds, take a small position to try the long side, targeting initially at 4400-4450;
If it breaks below 4250 with volume, be more cautious and don't hold on stubbornly.
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