ETH is currently facing pressure from a top correction in its rising channel. On one hand, it needs to prevent profitable positions from cashing out after the interest rate cut ends; on the other hand, it needs to solidify a platform at high levels.

The 12-hour rising channel saw a slight rebound at the middle track of the channel line during the morning session. The breakthrough of the upper pressure zone range box of 4460-4500 will determine whether Ethereum continues to break through next week or retraces down to the key range around 4270. In the short term, pay attention to whether a breakthrough above 4460 and a stable position above 4500 can return to the range of 4500-4580.
Operational recommendation: Buy order at 4460, stop loss at 4420, take profit at 4530-4580.

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