Ethereum (ETH) has recently attracted widespread attention in the market due to its price fluctuations. From a technical perspective, the key support level of $4370 has been effectively validated on the 4-hour chart. Next, ETH is likely to attempt a breakthrough at the resistance level of $4640. If the breakthrough is successful and holds above, we can expect ETH to continue to pump to around $4800. However, if the breakthrough fails, ETH may retreat to around $4100 in search of support.

In terms of the macro environment, recent geopolitical events do not seem to have had a significant negative impact on the cryptocurrency market. At the same time, the latest statements from Federal Reserve officials have injected some positive factors into the market. Some officials indicated that there might be around two interest rate cuts this year, which could be good news for the overall cryptocurrency market.

It is worth noting that the volatility of the cryptocurrency market has always been high, and investors should remain cautious and manage risks. At the same time, it is also important to follow technical indicators and macroeconomic data, as these factors may affect the price movements of ETH. When making investment decisions, it is advisable to consider multiple factors comprehensively and not rely solely on a single indicator or prediction.