Today, Ethereum briefly surged to 4643, then quickly retracted to the 4560–4580 range and consolidated. The market is currently in a high-level correction phase, with bulls and bears re-engaging in a struggle.

The price rose from a low of 4643, indicating a concentration of short-term bullish strength.

The retraction to 4560–4580 shows significant selling pressure above, while also confirming key support.

The consolidation phase indicates that the market is still digesting the rapid rise above.

Support zone: 4560–4580

Resistance zone: 4620–4643

If the short-term holds above 4560, the downside is limited, and bulls still have a chance to rebound.

If it breaks through 4643, the upward potential may open up to 4680–4700.

The RSI is slightly high but not overbought, indicating some room for a short-term rebound.

Trading volume has decreased, indicating that both bulls and bears are waiting for the next signal.

Bearish logic (possible correction)

Continuous rises above may create profit-taking pressure in the short term.

If the consolidation does not return to support, the short-term could test 4540–4520 again.

Bullish logic (possible continuation of rise)

If the key support zone 4560–4580 holds, bulls have a chance to counterattack.

If it breaks through the 4643 resistance, it may trigger a new round of short-term upward momentum.

Short-term operations

You can take light long positions in the support zone 4560–4580, with a stop-loss set below 4550.

If it attacks the 4620–4643 range, short-term profits can be taken gradually.

Mid-term layout

If it breaks through the 4643 resistance, consider adding positions in the direction of the trend, targeting 4680–4700.

If it breaks below the 4560 support, pause on chasing long positions and observe the support validation at 4540–4520.

Ethereum is currently in a high-level correction and consolidation phase, with a balance between bulls and bears.

Support holds → Short-term rebound potential is high → Bulls have a slight advantage

Breaking support → Short-term correction → Bears have an opportunity

Cautious approach: Do not chase highs, buy on dips, set stop-losses, and follow the rhythm!