Today, the Ethereum (ETH) market shows a complex situation. The daily chart presents an invisible trend, while on the 6-hour, 8-hour, and 12-hour timeframes, the price seems to be bottoming out.

Market participants should pay close attention to several key price levels. The resistance levels are at 4384, 4417, and 4442 USD, which may impede ETH's rise in the short term. Meanwhile, the support levels are at 4347, 4322, and 4273 USD, which may provide some support when ETH faces selling pressure.

Current market sentiment appears slightly optimistic, with the long-short ratio of ETH reaching 2.0. However, the fear index is at 54, indicating that the market is overall in a neutral to optimistic state. In actual trading, bulls have a slight advantage with a long-short ratio of 54:46. However, it is worth noting that the overall network long-short ratio is 49:51, showing that there are still divergences in the overall market.

For traders, it may be wiser to maintain a wait-and-see attitude until a clear pattern emerges. At the same time, risk management is crucial, and setting reasonable stop-loss levels before opening a position should not be overlooked.

The market is changing rapidly, and investors should act with caution, conducting thorough research and risk assessment. cryptocurrencies, blockchain technology and Web3 ecosystem.