During the current rebound of Ethereum (ETH), the $4500 level has become the focus of market attention. This price point is not only an important psychological barrier but also a key resistance level in Technical Analysis. If ETH cannot effectively break through this crucial point, the current pump may be suppressed, and investors need to be wary of potential pullback risks.

However, if ETH can firmly stand above $4500, it will pave the way for further pump. In this case, investors and traders should closely follow the two step-like resistance levels of $4525 and $4570, which will become important reference points for judging the subsequent trend.

At the same time, we cannot ignore the downside risks. If the ETH price falls below $4400 in today's trading, it could indicate a failure of the current rebound attempt. In this case, the price area around $4360 will become an important support level, potentially providing a buffer for the ETH price in the short term.

Overall, the Ethereum market is currently at a critical decision point. Investors should remain vigilant and closely monitor changes in these key price levels in order to promptly adjust their investment strategies. Whether it is a breakout or a pullback, it may present significant trading opportunities, but it also comes with risks. In this uncertain market environment, it is crucial to maintain rationality and caution.