Ethereum (ETH) market dynamics are attracting attention. What investors should closely follow is the 3-day line trend of ETH on September 1, and whether a death cross signal will appear. Meanwhile, the 2-day line shows a high position, which may indicate a potential adjustment in the short term.

From a time frame perspective, the 12-hour level rebound may be nearing its end, and the 3-hour level is currently undergoing a pullback.

For traders, several key price ranges to focus on include: the lower support levels at 4362, 4343, 4304, and 4274; the upper resistance levels are 4415, 4459, and 4498. These key price points may affect the short-term trend of ETH.

The market sentiment indicator shows that the long-short ratio of ETH is 1.40, reflecting a slight advantage for the bulls. However, the fear index is at 46, indicating that market sentiment is in a neutral to cautious state.

It is worth noting that the actual trading capital ratio is 67:33, indicating that bulls dominate actual trading. However, the overall long-short ratio across the network is 47:53, implying that market sentiment is slightly bearish.

For trading strategies, it is recommended to stay on the sidelines until the market conditions are clear, while emphasizing the importance of risk management and advising to set stop losses when opening positions.

Overall, the ETH market currently presents a complex pattern, and investors need to remain vigilant, closely follow the changes in various technical indicators and market sentiment in order to make informed trading decisions.