Recently, the Ethereum (ETH) market has shown an interesting price pattern. Observations indicate that the ETH price frequently rebounds in the range of $4330-$4360, before falling back to around $4160. This intraday fluctuation is about $170, which is significant for short-term traders.

Analysis indicates that between $4330 and $4100, $4160 is a key strong support level. Meanwhile, $4222 is considered a weak support, and a small amount of selling by market leaders could lead to a breach of the $4200 level. Therefore, before ETH breaks through $4400, around $4160 may be a more ideal low buy point.

It is worth noting that if the support level of $4160 is broken, the next potential buying opportunity may appear near $4068. Currently, the market does not show any significant risk of a large correction. For short-term short-selling strategies, it is advisable to avoid chasing shorts below $4200, as a rebound may lead to losses.

Overall, the current ETH market shows a certain level of fluctuation, but it also provides opportunities for savvy traders. Closely monitoring key support and resistance levels, in conjunction with market dynamics, may help in formulating more effective trading strategies. However, the cryptocurrency market is ever-changing, and investors should always remain vigilant and manage risks properly.