Ethereum rises again and then falls back; can it hold 4200 tonight?

This afternoon, Ethereum surged to a high of 4352.97 before starting to pull back, having already dropped back to around 4240 in just a few hours.

This wave of rise and fall indicates significant selling pressure above, and the market is relatively weak in the short term. The most critical level to watch next is 4200 — this is a strong support level in recent times. If it can hold, there is a chance for stabilization and rebound; if it breaks down, it could open up downward space.

In simple terms, tonight's trend hinges on whether 4200 can hold steady, which will determine the future market rhythm.

For those who are cautious, it’s best to hold off and observe, don’t rush into trades; for the aggressive ones, you can focus on the competition around the 4200 line.

The market always presents opportunities, but the capital is limited; don’t let emotions dictate your pace. $ETH