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The price of Ethereum has shown strong performance again, continuously rising and breaking through key resistance levels. In this wave of rising trend, investors should closely monitor the pressure level near $4500, while remaining alert to the resistance that may arise at $4550.
This rapid and uncorrected rise trend has indeed made some traders feel uneasy. For the potential pullbacks that may occur in the short term, it is recommended to pay attention to the two important support levels of $4370 and $4300. If you bought at a high and are stuck, these two positions may be better exit opportunities.
However, if the price falls below these two support levels, the market may test the bottom area of $4160 again. Investors should closely monitor the performance of these key support levels to adjust their trading strategies in a timely manner.
It is worth noting that the current market is at a time when CPI data is about to be released, which may have a significant impact on the cryptocurrency market. Meanwhile, Bitcoin has returned to the 120,000 USD mark, further adding to market uncertainty.
In such a complex and ever-changing market environment, investors need to stay calm, manage risks effectively, and adjust their strategies flexibly based on market changes.