Overall, the trend of ETH tonight is likely to maintain a strong operation in a high-level fluctuation, with the core issue being whether the long positions can effectively break through the resistance level of 4100 dollars and resolve the short-term overbought pressure. Traders are advised to closely monitor the following signals:

• Key indicators: BTC performance in the range of 1.08-1.10 million USD, whether ETH trading volume continues to exceed 40 billion USD, and whether MACD shows a death cross.

• Capital trends: Transfer activities of whale addresses (holding over 10,000 ETH) and changes in net outflow from exchanges.

• Sentiment indicators: social media popularity, perpetual contract funding rate (if it exceeds 0.1%, be cautious of long positions overheating).

Operation strategy: Conservative investors can allocate spot positions in batches at lower prices and hold them for the long term; aggressive investors can sell high and buy low within the $3900-4100 range, with strict stop-loss measures. During increased market volatility, it is advisable to control positions and implement risk hedging.