With the trading day opening on August 18, 2025, the Ethereum market has once again become the focus of investors' attention. Currently, market participants are closely monitoring the key price level of $4492. If this level can be firmly broken, long positions may gain an advantage.

It is particularly noteworthy that the support level of $4473. Once the price stabilizes above this level, the market may move towards higher targets. Specifically, investors should closely monitor the key resistance levels of $4502, $4518, and $4531.

However, the market does not only have upward potential. For traders holding a bearish view, if the price fails to break through $4492, there may be shorting opportunities. In this case, it is advised to set the stop-loss at $4503, while the target price can be considered at $4430.

It is worth mentioning that the U.S. Producer Price Index (PPI) for July exceeded market expectations, and this macroeconomic data may have a certain impact on the cryptocurrency market, especially the trend of Ethereum. Investors should take this factor into account when formulating trading strategies.

Overall, the Ethereum market is currently at a critical turning point. Both long positions and short positions need to closely follow the aforementioned price levels and adjust their strategies promptly based on market trends. Additionally, it is important to pay attention to the impact of macroeconomic data on market sentiment in order to make more informed investment decisions.