The latest economic data shows that the U.S. consumer confidence index fell to 55.4 in September, hitting a new low in nearly six months, reflecting a growing public concern about the future economic outlook. The decline in this indicator is primarily due to persistent inflation pressures and rising prices, while long-term inflation expectations have been revised up to 3.9%, making the market increasingly sensitive to the Federal Reserve's subsequent policy direction.

Against this backdrop, U.S. Treasury yields and the dollar index have both declined, putting pressure on the dollar exchange rate. These factors have created favorable conditions for the cryptocurrency market. Ethereum (ETH), as one of the leading cryptocurrencies in the market, has seen its price approach the $4800 mark, with no significant resistance above. If it can successfully break through the current price level, Ethereum is likely to challenge the key resistance range of $4824 to $4950.

However, there are also downside risks in the market. If the market trends reverse, Ethereum may fall back to the support level around $4,450, and in extreme cases, it may even test the range of $4,200 to $4,250.

The current market environment can be summarized as follows: macroeconomic indicators are weak, and the direction of the Federal Reserve's policy is unclear, which provides significant room for Ethereum's performance. In the short term, investors should closely monitor the resistance level at $4950 and the support level at $4450. Once the market establishes a direction, price fluctuations may be exceptionally volatile.

Overall, under the backdrop of economic uncertainty and potential adjustments in monetary policy, the cryptocurrency market may usher in a new round of opportunities. While investors focus on potential returns, they should also fully assess risks and make appropriate asset allocation and risk management.