The Ethereum (ETH) market is showing a volatile trend today. Analysts suggest that investors could consider establishing long positions around $4300, while setting the stop loss level at $4260.

Currently, the main resistance level that ETH is facing is at $4300, while the key support level is at $4270. If the market turns favorable, the take profit target can be set at $4330 or $4350.

Market participants should closely monitor the support performance in the range of $4184-$4162, where a rebound may occur. If the downward trend intensifies, the secondary support levels are at $4270 and $4200.

On the other hand, if ETH can break through and maintain above $4430, it may further drive the price up towards the $4520 resistance level. This will be an important breakout point worth paying attention to.

In addition to Ethereum, the overall performance of the cryptocurrency market is active. It is worth noting that, at the same time, U.S. stocks related to cryptocurrency concepts have also generally risen, showing investors' continued interest in the sector.

Market sentiment is influenced by multiple factors, including the upcoming Jackson Hole meeting and the release of the Federal Reserve's July meeting minutes. These events could have a significant impact on the cryptocurrency market, and investors should remain vigilant and closely monitor the release of relevant information.

When making trading decisions, it is recommended that investors comprehensively consider technical analysis, market sentiment, and macroeconomic factors to formulate reasonable risk management strategies.