According to the current market analysis, the key support level for Ethereum (ETH) is mainly concentrated around $4,200**, with deeper support levels at **$4,000 and the $3,800–$3,900 range. Below is a detailed analysis:

🔍 Key support level:

1. $4,200 - $4,250: This is the recent major support range. If the price falls below this level, it may accelerate the decline to the next support level.
2. $4,100 - $4,200: Glassnode analysts point out that $4,100–$4,200 is an important support level. If it is lost, it may drop to $3,800–$3,900.
3. $4,000: This is a psychological barrier and also close to the 50-day EMA support.
4. $3,800 - $3,900: A deeper support range; if $4,000 is broken, the market may test this area.
5. $3,532: This is the deeper support provided by the 100-day moving average. If the market experiences a significant correction, this level will become a key defense line.

📉 Current market situation:

· The current price of Ethereum is approximately $4,290 and is at a sensitive technical position.
· The market is in a short-term downward trend with fluctuations, and the trading volume has shrunk, indicating that the downward momentum may be insufficient, but the bulls also appear cautious.
· The price needs to stay above the level of $4,200 to avoid deeper corrections.

📌 Summary:

The key support levels for Ethereum are as follows:

1. $4,200 - $4,250 (primary support)
2. $4,100 - $4,200 (important support zone)
3. $4,000 (psychological barrier)
4. $3,800 - $3,900 (deep support)
5. $3,532 (long-term moving average support)

If these support levels are effectively broken, it may indicate that the market will further seek support downwards. It is advisable to closely monitor the price reaction at these key positions and manage risks accordingly.