The current Crypto Assets market is at a critical moment, with Ethereum's price performance being particularly noteworthy. The latest data shows that Ethereum is currently hovering around $4470, a price point that could become a significant turning point in determining its short-term trends.

Analysis of the liquidation data reveals two key price levels in the market: a resistance level at $4600 and a support level at $4300. If Ethereum can break through $4600, it may trigger a large-scale short liquidation, with expected liquidation size reaching $1.1 billion. In this scenario, short covering could drive the price further up, potentially challenging historical highs.

However, if the price falls below the $4300 support level, the situation could take a turn for the worse. Data shows that there is a liquidation risk of up to $1.489 billion in long positions lurking below this price level. Once triggered, it could lead to panic selling by bullish investors, further intensifying the downward trend.

From a technical analysis perspective, the importance of the price levels of $4300 and $4600 is self-evident. A breakout above the resistance may trigger a new round of upward movement, while a drop below the support could lead to a deeper correction.

Given the current high uncertainty in the market, investors should remain vigilant and closely monitor the performance of these two key price levels. Whether going long or short, it is essential to establish strict risk control strategies to cope with potential severe fluctuations.

In this market environment filled with opportunities and risks, rational analysis and cautious operations will be the key to success. We will continue to pay attention to the price trends of Ethereum and bring the latest market insights to everyone.