The current price of Ethereum $ETH is 4178, and the long positions have basically been cleared out by the 4060 wave. There is a dense short position between 4280 and 4320; if it breaks through, the buying pressure to cover shorts will be very intense.

Overall, short-term bulls can act, with a high winning rate. 4200 is a key point; once it breaks with volume, the target will first be 4300–4330. When reaching the recent target, it’s best to wait and see; if it rises strongly, it can continue to look towards 4380–4420. Conversely, one can switch to a short position.

In summary: In the short term, Ethereum is viewed with a bullish bias.