Overall, tonight's ETH trend is likely to remain in a high-level oscillation with a slightly strong movement. The core issue is whether the bulls can effectively break through the $4,100 resistance level and resolve the short-term overbought pressure. Traders are advised to closely follow the following signals:

• Key Indicators: BTC performance in the $1.08 million to $1.10 million range, whether ETH trading volume continues to stay above $40 billion, and if the MACD shows a death cross.

• Capital Flows: Transfer behavior of whale addresses (holding over 10,000 ETH), and changes in net outflows from exchanges.

• Sentiment Indicators: Social media popularity, perpetual futures funding rate (if exceeding 0.1%, beware of overheated longs).

Operational Strategies: Conservative traders can accumulate spot positions gradually on dips for long-term holding; aggressive traders can buy high and sell low within the $3,900 to $4,100 range, with strict stop-loss measures. When market fluctuations intensify, it is recommended to control positions and implement risk hedging.