Ethereum (ETH) is currently showing market performance worth following. From a Technical Analysis perspective, ETH may be in a downtrend after a slight Rebound, continuing its technical adjustment. Currently, ETH is facing upward resistance around 4350.

However, the market direction is not solely influenced by technical factors. BlackRock's movements have become an important variable affecting the ETH market. As long as BlackRock does not continue to sell Bitcoin under pressure, the overall market atmosphere remains relatively positive.

Investors also need to closely follow the market volatility that may be brought by the upcoming 'Black Friday'. In addition, the results of the Jackson Hole meeting and the latest developments in the ETH staking withdrawal mechanism are also important factors that deserve ongoing attention.

Overall, the ETH market is currently in a complex situation where technical adjustments coexist with external factors. Investors should remain vigilant and closely follow the changes in various influencing factors to timely adjust their investment strategies.