$ETH current 4178, combined with the liquidation distribution, my judgment is:

The long positions below (3950–4100) have basically been cleared, and the selling pressure has diminished;
There is a dense short position above (4200–4300), and the buying pressure to cover shorts triggered by a breakout will be very intense.

So I tend to prefer: short-term bulls have a higher win rate.
4200 is a key point. Once it breaks through with volume, the initial target is 4310–4350, and if it is strong, it can extend to 4410–4460.
Unless it falls below 4100 again, I won't easily turn bearish.

One sentence summary:
ETH has reached 4200, and the senior is leaning towards a bullish view with a clear direction.