Recently, the Ethereum (ETH) market has shown strong momentum, with its price breaking through the key psychological barrier of $4,500, currently hovering around $4,580. This breakthrough has attracted widespread attention from the market, and investors are speculating on ETH's next move.

From a technical perspective, ETH has stabilized above the 100-hour simple moving average, which is typically seen as a positive signal. Previously, ETH had followed the overall cryptocurrency market's pullback but found support around $4,415 and then began to rebound.

It is worth noting that ETH has successfully broken through a downward trend line near $4,550, which further boosts market confidence. Currently, investors are closely watching the key resistance levels of $4,635 and $4,680. If ETH can break through these resistances, it may open up space for further upside, and it is even expected to test $4,720 or higher levels.

However, there is also uncertainty in the market. If ETH cannot break through the resistance at $4,680, we may see a wave of correction. In this case, around $4,580 may become an important support level.

Overall, the short-term trend of ETH will largely depend on whether it can break through the key resistance levels mentioned above. In any case, given the volatility of the market, investors should exercise caution when making decisions and fully consider risk management strategies.