Ethereum is currently in a state of indecision between bulls and bears. Although there are signs of a rebound technically, the overall market remains a limiting factor. The four-hour chart frequently tests resistance levels, with long upper shadows indicating growing selling pressure, and the risk of a pullback is increasing. Market sentiment is clearly divided—some are chasing gains and going long, while others are positioning themselves for risk aversion ahead of the weekend, which further encourages a conservative trading attitude.

From a derivatives perspective, the liquidation range is narrowing, indicating that the direction choice is imminent. Currently, both Bitcoin and Ethereum are waiting for a clear signal. It is recommended to use resistance levels as a key reference for operations—once a breakout is confirmed, be prepared for a downward move. Avoid being driven by emotions to chase the market; wait for a clearer trend before entering. Most importantly, strictly control positions and leave room for potential oscillations and reversals.