The US stock market is about to open tonight, which will have a significant impact on the trend of Ethereum. Whether Ethereum can hold the critical position of $4200 is a major focus. Currently, there is a divergence in the market regarding the direction of Ethereum, with some believing it may continue to dip, while others think it will rebound strongly.

From a technical perspective, $4200 is an important psychological level. If it can hold this position, it may lay the foundation for further increases. However, if it dips below this level, it could trigger a new round of selling.

Some analysts have stated that the true potential of Ethereum has yet to be fully realized, and the historical high of $4790 may not be its limit. They predict that, driven by the US stock market, Ethereum is expected to launch an attack on the area above $4500.

However, investors should also be aware of the risks. The cryptocurrency market is highly volatile, and price movements are influenced by multiple factors. In addition to following the trends in the US stock market, it is also important to closely monitor news regarding regulatory policies, technological developments, and other aspects.

Regardless of how the market changes, it is crucial for long-term investors to maintain rationality and patience. Before making any investment decisions, it is recommended to thoroughly assess the risks and develop a suitable investment strategy based on one's financial situation.