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.
ETH-1.05%
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NftDataDetectivevip
· 14h ago
smh... 4370 feels like a classic bull trap ngl
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AirdropHarvestervip
· 08-18 14:53
I went all in on this wave of 4520.
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ILCollectorvip
· 08-18 14:50
It's that time again for me to lose money.
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CoffeeNFTsvip
· 08-18 14:47
Can't hold on anymore, I'm pulling out first.
View OriginalReply0
AllInDaddyvip
· 08-18 14:37
Shorting once and then lying flat.
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