The recent price movement of Ethereum (ETH) has attracted the market's attention. Although it appears that the fall is significant on the surface, when considering it within the entire market cycle, the current adjustment is actually within a normal range.

After a pullback of about 600 points, the key support range for ETH at the daily level has moved up to $4000-$4200. Among them, around $4150 can be seen as a precise defense level worth closely following.

In the short term, the four-hour level trend shows a downward trend. Therefore, investors should prioritize the defensive strength of the support range when day trading and assess the potential rebound momentum accordingly.

It is worth noting that the current overall market atmosphere is relatively weak. For investors participating in contract trading, strict risk control is particularly important. It is recommended that investors formulate appropriate trading strategies based on their own risk tolerance and remain vigilant at all times.

Overall, despite the adjustment in ETH price, its long-term development prospects are still worth following. Investors should rationally view short-term fluctuations, pay attention to changes in market fundamentals, and make informed decisions based on their individual investment goals.