Currently, ETH is oscillating in the range of 4250–4300,
the overall trend remains strong: ETH surged from 4060 to 4300 in the previous wave, with the main bullish trend still in play.
The longer the sideways movement lasts, the greater the probability of a breakout. The key resistance level above is 4400–4450; once broken, it can easily test 4600.
Bearish logic:
Continuous highs without breaking new highs: indicates heavy pressure above, with short-term bullish momentum weakening.
Dense order book: there is significant selling pressure around 4300–4320, the main force may be washing out.
If it breaks below 4200, it may trigger a wave of stop-losses, targeting a pullback to the 4050–4100 range.
Short-term:
If 4400 above does not break, shorting has a better risk-reward ratio.
If 4200 below does not break, you can cautiously try long positions.
Medium-term:
The trend is still in the hands of the bulls; it is not advisable to blindly chase the top.
The real directional choice should wait for an effective breakout of 4200 or 4400.
Currently, ETH is oscillating in the range, with greater short-term bearish trading opportunities, but the medium-term trend remains bullish.
The prudent approach is—don't rush, wait for the market to show its hand, and follow up once the direction is clear.
