ETH is currently supported in the 4280-4170 range, and at the moment, the market is only rebounding near that support level. Institutions have not significantly increased their holdings of ETH as they did previously, and retail investors are also hesitant to enter blindly.



The main driving force of the current market still comes from the futures market. The 4370-4310 area of ETH is a key position; if this area is broken, the subsequent trend will not be optimistic. Once this support fails, the probability of a drop to 4030 will significantly increase.

In terms of cost-effectiveness, it is very worthwhile to make a small defensive move in this area, targeting 4200, 4160, and 4030.
ETH-2.43%
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