Recently, the price of Ethereum has been fluctuating between $4200 and $4300, but this state does not mean that the price cannot fall. Market participants need to remain vigilant, as this could be large funds testing investors' psychological tolerance.

From a technical perspective, the MACD death cross on the 12-hour chart remains unresolved, which could be the final stage of a daily level pullback. Therefore, in the next two days, Ethereum is likely to experience a quick fall, reaching the support level near the middle band of the Bollinger Bands, followed by a potential rapid rebound above $4300.

For short-term traders, it is important to closely monitor the strength of the bulls around the $4000 level. If the price can break above $4450, a long strategy may be considered. However, if the rebound strength is insufficient and the price fails to break above $4380, it may present an opportunity to short.

Although some predict that Ethereum may fall to $3000 or even $2000, such predictions may be overly subjective and have limited reference value for short-term trading. Investors should pay more attention to current market dynamics and real-time data.

It is worth noting that the U.S. stock market has recently experienced a continuous fall. Theoretically, Federal Reserve Chairman Powell's speech on Friday may have a certain calming effect on market sentiment. However, the likelihood of this happening is relatively low.

Overall, the short-term trend of Ethereum remains uncertain. Investors need to stay calm, pay attention to market signals, and flexibly adjust their trading strategies based on the actual situation. Whether going long or short, careful operation and risk control are required.