Recently, the Ethereum market has experienced a noticeable correction, with prices briefly falling to $4595, and the short-term trend showing signs of weakness. This wave of adjustment has raised the vigilance of market participants, with the following several signals worth noting:

First, the price is showing an accelerated downtrend after breaking through the key support level. After the support level of $4700 was broken, the current price is being suppressed by the 25-day moving average (at $4641).

Secondly, the trading volume has significantly increased. Recently, the trading volume reached 217,000, close to the 5-day average of 244,000, which is usually seen as a negative signal.

Furthermore, investors need to closely monitor the range of $4450-$4436, which may be the last important support zone. If this range is broken, there is a possibility that the price may further decline to around $4200.

For trading strategies, investors can pay attention to the price movement near $4600. If there is weak rebound at this position, consider taking a small position to short, but the stop loss should be set above $4700.

It is important to note that the cryptocurrency market is highly volatile, and investors should thoroughly assess risks and manage their positions wisely when formulating trading strategies. At the same time, it is crucial to continuously monitor market dynamics and the potential impact of macroeconomic factors on Ethereum prices.