The current Ethereum market is showing a fluctuating adjustment trend, with prices hovering around the key level of $4200. From an overall trend perspective, downward pressure still exists. On the technical side, the MACD indicator has formed a death cross and is developing downwards, while short positions' trading volume has increased, all of which indicate that the market may face further declines.

After a period of fluctuation at the current price level, Ethereum is expected to break through the lower support level. Market participants should closely monitor the resistance level near $4232; if the breakout fails, the next target price may be around $4132. However, investors also need to be cautious of market uncertainty and are advised to set reasonable stop-loss levels to manage risk.

It is worth noting that the cryptocurrency market is highly volatile, and investors should act cautiously and implement risk management. At the same time, attention should be paid to the macroeconomic environment and industry news, as these factors can significantly impact the price of Ethereum. Before making any investment decisions, it is advisable to conduct a comprehensive market analysis and personal risk assessment.