Ethereum is currently in a range-bound oscillation pattern, fluctuating repeatedly between the strong support at $4060 and the strong resistance at $4540, with trading volume severely shrinking, indicating a lack of clear trend direction in the market.

The daily line fluctuates between the range of 4270 to 4380, with the closing price higher than the opening price, indicating a bullish dominance. The 2-hour chart shows a short-term rebound trend for the fast line, but there is strong pressure above. The MACD 2-hour golden cross shows a clear short-term bullish signal, and the EMA short-term moving average support is effective, with a medium-term trend leaning towards strength.

The operational strategy is mainly to go long, with short positions as a supplement. The long entry point is 4280, with a stop loss at 4240 and a target of 4400. The short entry point is 4450, with a stop loss at 4480 and a target of 4350.