Ethereum has formed a clear and effective support in the range of 4370 to 4310, which has been confirmed through multiple market tests, demonstrating strong stability. Ethereum has officially entered a wide fluctuation trend between 4670 and 4310, and this range will be the main operating area in the short term.

From the hourly technical perspective, the MACD indicator has completed a golden cross formation and is continuing to run upwards, with bullish momentum gradually accumulating and a clear short-term upward trend. Combined with the current price movement, when the price retraces to the 4530 to 4518 range, it will be an excellent buying opportunity - this range is both a key support level from the previous consolidation and highly aligns with the momentum release rhythm after the MACD golden cross, making the buy signal reliable.

In the subsequent operations, the primary target above can be set around 4670. This position is not only the upper resistance level of the current wide-range fluctuation but also a key point that has been unable to break through effectively multiple times in the past. The bullish strength will face strong tests in this area. After reaching the target level, it is essential to closely monitor changes in market volume and adjust the holding strategy in a timely manner.
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