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Ethereum (ETH) has shown somewhat weak market performance recently. However, if its price can stabilize above the range of $4460 to $4500, and the volume can correspondingly increase, we may see ETH attempting to break into the range of $4550 to $4600.
However, investors also need to remain vigilant. If ETH fails to effectively break through the key resistance level of $4550, or falls below the important support level, the market may continue to maintain a volatile state.
For short-term traders, it may be worth considering establishing long positions in the range of $4460 to $4500 during the early morning hours. If the market develops as expected, then the range of $4550 to $4600 will become a reasonable profit target.
It is worth noting that the cryptocurrency market is highly volatile, and investors should conduct thorough research and risk assessment before making any decisions. Furthermore, market conditions can change rapidly, so it is also wise to adjust strategies in a timely manner.