Currently, looking at the 4-hour chart of $ETH , the price has already fallen back into the central oscillation zone. For the upcoming short-term trend, I am mainly focusing on two directions:

If this central zone can hold the support, I expect the price will first dip to the 4179 level;

But if it unfortunately breaks below the central zone, it is highly likely to fall below the 4000 mark, further testing the support strength at the 3900 level.

It is recommended to pay close attention to the trend after the Nasdaq opens tonight — after all, the correlation between the two is not low, and the performance of the Nasdaq will have a significant impact on the short-term direction of ETH.