#ETH Short-term Volatility Analysis: Currently at a Key Contest Node

ETH's recent trend has garnered significant attention. From the 4-hour chart, after the price surged to around 4788, there was a noticeable pullback, followed by a period of consolidation at lower levels.

Currently, the price is near 4495, in a critical position for both bulls and bears. On one hand, there is some support below, as there were signs of a stop in the decline around 4393 during the previous pullback; on the other hand, there is also pressure above, and in order to break upward effectively, more momentum is needed.

From a technical indicator perspective, the SAR indicator shows the current level around 4380, with the price above the SAR, suggesting that there is still an opportunity for short-term bulls to some extent. However, the trading volume has not shown particularly outstanding performance, which may indicate that market participants are relatively cautious at this level, with both bulls and bears waiting for clearer signals.

Overall, ETH is currently in a critical short-term contest phase; it remains to be seen whether it can rely on support for a rebound or continue to search for lower positions, which is worth close observation. Investors should cautiously seize operational opportunities based on subsequent trend changes.

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