Ethereum has recently shown a slight rebound trend on the 4-hour chart and is currently testing the upper pressure of the range. It is worth noting that despite multiple tests of the upper pressure, there has not been a significant fall, which reflects the strong resilience of the market's long positions. As the upper pressure is gradually being digested, the possibility of breaking through the current range upwards is increasing.

From a technical perspective, Ethereum may present a good buying opportunity in the 4440-4420 range. If it can break through the current range, the target price above could reach 4520-4580. Once this level is successfully breached, it may continue to move upwards.

Market observers believe that the current trend of Ethereum is at a critical moment. Investors should closely monitor market movements, especially the performance near key support and resistance levels. At the same time, they should also be cautious of macroeconomic factors that may affect the cryptocurrency market.

Overall, Ethereum shows positive market signals in the short term, but investors should still act cautiously and manage risks. Before making any investment decisions, it is advisable to consider technical analysis, fundamental factors, and overall market sentiment comprehensively.