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The bullish trend of Ethereum (ETH) is not something that happened overnight. Recently, a bullish operation that broke through the trend line and horizontal resistance level encountered setbacks, which was indeed unexpected.
Currently, we need to closely monitor the key price level of $4370. This former support level may turn into a new resistance level. If ETH cannot break through this level, we may see further pullbacks.
However, if it can regain stability at $4370, the next important resistance level may be around $4520. Before that, $4444 is also a minor resistance level worth noting.
Looking down, $4160 is still an important support level that needs to be monitored.
It is worth noting that the end of a bull run usually requires going through a "topping" process, which is a gradual process rather than a sudden occurrence. Therefore, I believe that it is still possible to trade according to the market structure: consider going long at low levels and going short at high levels.
In this rapidly changing market, it is essential to maintain flexible trading strategies and clear risk management. Keeping a close eye on the performance of these key price levels may provide us with important market direction guidance.