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Recently, the price fluctuation of Ethereum has attracted the market's attention. In a short-term operation, a trader chose to short at around 4250. Although the price once dipped to near 4160, the trader did not Close Position, as they expected a larger fall might occur.
However, the market has shown its unique resilience. Ethereum seems to have found support around 4160, and the price quickly rebounded back above 4200. This price action brings to mind that there may be some special market force at play for Ethereum in this range.
Considering the relatively calm market before the opening of the US stock market, traders ultimately chose to Close Position near 4177. This decision reflects that market participants often tend to maintain a cautious attitude before the release of important economic data or events.
Looking ahead, there is a view that Ethereum may dip below 4150. However, it should be noted that this only represents personal opinion and should not be considered as investment advice. From a longer-term perspective, the overall market sentiment still seems to lean towards optimism.
This trading experience highlights the high fluctuation characteristics of the cryptocurrency market, while also reminding investors to remain vigilant when engaging in short-term trading, to follow market trends at all times, and to develop reasonable risk management strategies.