According to the latest market analysis, the price of Ethereum is currently facing a critical support level of $4160. This level is an important support point from the previous consolidation phase, and its significance cannot be overlooked. However, there is a strong bearish pressure above, making it difficult for long positions to make a strong push.

Looking ahead to the evening market, Ethereum may continue to show a downward trend. It is worth noting that compared to Bitcoin, the long positions rebound strength of Ethereum is slightly stronger, but it still struggles to break free from the correlation with Bitcoin.

For short-term traders, attention can be focused on short positions in the range of $4290-$4270, with target levels set in the range of $4160-$4180. However, investors should exercise caution, closely monitor market changes, and adjust strategies in a timely manner.

Overall, the current Ethereum market shows a pattern dominated by short positions. Investors need to remain vigilant and pay attention to the performance of key support levels, while also being alert for potential reversal signals. In this uncertain market environment, risk management is particularly important.