Exciting! Ethereum has been making some serious moves!
Ethereum has been bouncing around recently, dropping from $4350 to $4190 before quickly rebounding to $4230, indicating that there is support below. However, many people are trapped around the $4250-$4280 range, making it difficult to break through. In the short term, it may oscillate around $4230 to digest the previous panic sentiment.
If it can hold steady at $4200, it might push up against resistance; if it breaks below $4200, it may continue to fall to $4150 or even $4100. If you want to be more cautious, wait for $4200 to confirm it doesn't break before buying in batches; for a more aggressive approach, you can try a small position around $4220-$4230, with a stop loss set below $4190. If it gets stuck at $4280, you can short it and look for a pullback to $4200. Right now, there is a fierce battle between bulls and bears, so avoid going all in; following the trend is safer.
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