ETH current price 4530: Key level after a hundred-point pullback
After continuous fluctuations, Ethereum has pulled back a full hundred points and is now testing support fiercely around 4530.
Market sentiment is polarized:
Bulls are firmly holding the support, with stop-loss lines in hand; bears are watching for opportunities to add positions.
Support area: 4510–4480, which is the concentrated trading area for bulls in the early stages. If it effectively breaks down, stop-loss orders may accelerate.
Resistance area: 4570–4600, which is the first selling pressure for a short-term rebound. Only if it stabilizes effectively can it attempt to reach higher points again.
The current situation is like a pressure test:
Whichever side it breaks through, funds will flow in that direction.
If it breaks below support, bull stop-losses will trigger, and bears will release their positions;
Conversely, if bears cannot push it down, the short-squeezed market may also quickly rebound.
Strategy thoughts:
For those with positions: consider taking profits/losses in batches or use trailing stop-loss to lock in profits;
For those without positions: patiently wait for the direction to emerge before following the trend, avoid guessing tops and bottoms;
Risk control first: before the key interval is broken, keep positions light and remain flexible.
The market is always there, patience is more valuable than impulse.
