The price of Ethereum (ETH) has experienced a significant fall in the last 2 hours, currently trading at $4134.17, with a decrease of 4.15%. From a technical perspective, the moving averages are in a bearish arrangement, and the MACD indicator also shows that the bears are in control, all of which suggest that the market may continue to face pressure in the short term.

Looking ahead to the next 6 hours, if there are no significant positive factors, the price of ETH may continue to fall, with the next important support level around $4114.09. However, if buying pressure increases or positive news emerges, we may see the decline halt and a rebound occur, at which point it will be important to pay attention to the resistance level near $4161.42.

It is worth noting that the cryptocurrency market is known for its high volatility and high risk. Although technical analysis can provide investors with some reference, it should not be overly relied upon. Investors should comprehensively assess market conditions and fully understand the relevant risks before making any decisions.

The entire cryptocurrency market currently seems to be in a correction phase, and ETH, as the second largest cryptocurrency by market capitalization, often reflects the overall market sentiment. In this uncertain market environment, investors need to remain calm and operate cautiously, while closely monitoring various factors that may affect the market, including but not limited to macroeconomic data, regulatory policy changes, and significant industry events.