The recent market situation is a bit tangled, clearly entering a sideways fluctuation.

The 4-hour K-line has formed a long upper shadow, with strong resistance above 4370;

The daily line has continuously formed long lower shadows, with solid support around 4000.

In the short term, it will fluctuate repeatedly in the 4260–4330 range, becoming the dividing line between bulls and bears;

Overall, there is pressure above and support below, temporarily maintaining a sideways trend, with a focus on the 4250–4370 range.

Personally, I see the Ethereum target at 4500.

After a small pullback from the morning high of 4376,

it is currently in a consolidation phase.

If it breaks through 4370 with volume and stabilizes above 4400, then 4500 will come quickly.

The pullback does not change the trend; sideways movement is just gathering strength. Focus on the range and patiently wait for the next wave of market movement to start.