As of the morning of September 14, the price of Ethereum (ETH) was $4,657.39, down 1.26% from the previous day. Looking at the 4-hour Candlestick Chart, ETH briefly broke through the high of $4,768 but then showed a significant pullback. The market exhibited characteristics of "rally followed by a pullback with increased Bearish line Trading Volume," indicating that the bears are applying pressure to suppress the price upward.

Recently, the area around $4,760 has been repeatedly confirmed as a strong resistance level. Combined with the current trend of "gradually lower highs," the possibility of ETH moving downward in the short term seems to be higher than that of moving upward before a significant trading volume supports a breakout.

From a technical perspective, the range of $4,680 to $4,700 may become a key point of observation. If the price encounters resistance in this range, it may further drop to the $4,600 level. If this support level is broken, it cannot be ruled out that ETH may test the next support level near $4,550.

Nevertheless, market participants should closely monitor the overall trends in the cryptocurrency market, as well as macroeconomic factors and industry news that may affect ETH prices. In this highly volatile market, investors should proceed with caution and implement risk management.