The Ethereum (ETH) market is at a critical moment, and its price trend has attracted significant attention from cryptocurrency investors. According to the latest data analysis from Coinglass, if the ETH price breaks through $4512 or falls below $4091, it could trigger massive liquidations, leading to a significant impact on the market.

Currently, the price of ETH is fluctuating dramatically within this key range, with both bulls and bears engaged in fierce competition. For the bulls, $4512 is a crucial resistance level. If ETH can effectively break through this level, it will not only force a large number of short positions to close but may also attract more buying pressure, thereby pushing the price of ETH further upwards. Conversely, for the bears, $4091 is a key support level. If ETH falls below this level, it could trigger a chain reaction, leading to the liquidation of many long positions and further exacerbating the price decline.

The current cryptocurrency market is experiencing increased volatility, and investors hold differing views on the future trend of ETH. Some investors are optimistic about the continued development of ETH in areas such as Layer 2 and decentralized finance (DeFi), believing it is expected to break through the current resistance level. However, other investors express concerns about the macroeconomic situation and the increasingly stringent regulatory environment, maintaining a cautious attitude towards the potential rise of ETH.

The breakthrough or fallback of this key price level will have a significant impact on the short-term trend of ETH. If ETH successfully breaks through 4512 USD, it may attract more capital inflow, pushing market sentiment towards optimism; conversely, if it falls below 4091 USD, it may trigger a spread of market panic sentiment, leading more investors to choose to sell.

In light of the current high uncertainty in the market, investors should closely monitor price trends and develop reasonable risk management strategies to cope with potential severe market fluctuations. Whether choosing to hold, buy, or sell, careful decisions should be made based on one's own risk tolerance and investment objectives.