Recently, the price trend of Ethereum (ETH) has attracted significant attention from the market. From the recent 4-hour chart analysis, it can be seen that ETH has experienced a pullback after a surge, and is currently in an important price range.

Currently, the trading price of ETH is hovering around $4495, a position considered to be a battleground for intense confrontation between bulls and bears. Looking downward, there have been signs of a rebound around $4393, providing some support for the current price. However, to achieve a strong upward breakout, a more robust buying momentum is required.

In terms of technical indicators, the Parabolic SAR indicator shows that the current level is approximately $4380, with the ETH price positioned above this indicator, which somewhat suggests that there is still an opportunity for bulls in the short term. However, it is worth noting that trading volume has not shown a significant increase, which may reflect a generally cautious attitude among market participants at the current price level, as both bulls and bears are waiting for clearer market signals.

Overall, ETH is currently in a critical short-term game phase. Investors need to closely monitor the development of subsequent trends, especially whether the price can rebound at the existing support level or will further test for new support. At this uncertain moment, cautious operations are particularly important.

For investors intending to participate in ETH trading, this is a time that requires heightened vigilance. The market may experience significant fluctuations in the short term, so it is advisable to thoroughly consider various market factors and develop a risk management strategy before making any trading decisions. Whether choosing to wait and see or engage in trading, one should always pay attention to market dynamics and be prepared to respond to various situations that may arise.