Recently, the Ethereum market has shown some volatility. Although trading volume was relatively low over the weekend, Ethereum still exhibited a slight rebound momentum on an hourly basis, briefly reaching the $4,490 level. However, this rebound was not sustained, and the price quickly fell back, highlighting significant selling pressure above.

From an overall perspective, the market has not shown significant directional changes. Investors and analysts are closely monitoring the four-hour chart. If Ethereum can firmly hold above $4450 and stop the downward trend, and then break through $4670 and maintain stability, it may be seen as the establishment of a bullish trend.

However, before these key levels are broken, market participants must remain cautious and primarily focus on a pullback mindset. It is important to note that the high volatility of the cryptocurrency market means that situations can change at any time, so it is crucial to pay real-time attention to market dynamics and technical indicators.

Overall, Ethereum is currently in a critical price range, and its future trend will depend on whether it can break through key resistance levels and gain sufficient buying support. Investors should closely monitor market changes, manage risks appropriately, and make informed decisions based on their own investment strategies.