Ethereum has recently experienced a pullback, falling from around 4300 USD to about 4100 USD, and then rebounding to touch the 4300 USD mark again. Currently, the market is closely following the performance of this key resistance level.

If Ethereum can hold its ground in the $4300-4340 range, it may pave the way for further increases. However, if it fails to break through and hold this range, the market may interpret this as a continuation of the downtrend, with expectations to test the support level of $4060 or even $4000 again.

In the current market environment, Ethereum is oscillating below a key resistance level. For investors with a lower risk appetite, it may be wise to remain on the sidelines. For traders with a higher risk tolerance, consideration can be given to establishing short positions around $4400, but a strict stop-loss strategy must be implemented to control risk. If the short strategy is successful, the target price can be set around $4250.

It is worth noting that the cryptocurrency market is highly volatile, and investors should fully assess the risks before making any trading decisions, taking into account their personal financial situation and market research. At the same time, continuously following market dynamics and various influencing factors, such as macroeconomics and regulatory policies, is crucial for grasping market trends.