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Evening thoughts
Despite the rapid pullback of ETH, strong support is shown around the $4450 level, and the price quickly recovered above $4500, validating the effectiveness of that area.
At the same time, the trading volume during the decline did not continue to increase, indicating that the actual selling pressure is limited. This is more like a "precise liquidation" targeting high-leverage contracts, rather than a large-scale capital outflow.
The daily moving average system is still in a bullish arrangement, and the short-term pullback has not changed the medium to long-term trend, but instead has solidified the foundation for future price increases.
Operation Suggestions
Near 4510, defend at 4480, target at 4650.
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