The recent price movement of Ethereum (ETH) has attracted widespread attention in the market. The latest data shows that ETH is nearing the important psychological level of 4500 USD, but is currently still under pressure on the 4-hour chart. Analysts point out that only by breaking through this key position can ETH open up further room for rise.

Today's price movement seems to be a test of the upper pressure. Notably, there has been significant capital inflow in both the contract market and the spot market over the past 24 hours. This indicates that investors maintain an optimistic outlook on the short-term prospects of ETH.

However, market participants generally believe that for a true breakthrough, ETH needs to firmly stay above $4500. This requires not only sufficient buying support but also the cooperation of overall market sentiment.

As the cryptocurrency market continues to evolve, the price movement of ETH will undoubtedly become the focal point of attention for investors and analysts. The trading activities in the coming days may determine whether ETH can break through the current resistance and initiate a new round of pump cycles.