Ethereum (ETH) has recently drawn attention with its price movements. After rising to around $3960 in the short-term, market observers have noted a slowdown in upward momentum. This phenomenon is likely due to the pressure from the weekly downward trend line.

Investors should closely monitor the short-term support level around $3890, using the four-hour candlestick closing situation as a basis for judgment. If the price can hold steady at this level, ETH may continue to rise, with the next resistance zone around $4010-$4100. For traders considering going short, it is recommended to observe market trends near $4100 before making a decision.

However, if the four-hour candlestick body breaks below the support level of 3890 dollars, ETH may pull back to around 3720 dollars. This level could become the starting point for the next pump.

Currently, the cryptocurrency market is facing numerous challenges and opportunities. Investors need to remain vigilant and closely monitor market dynamics, especially news related to liquidity and regulation. At the same time, attention should also be paid to the potential impact of the global macroeconomic situation on the digital asset market.

In this rapidly changing market, it is particularly important to adjust strategies and control risks in a timely manner. Whether bullish or bearish, trading plans should be based on technical analysis and market sentiment, while always maintaining a calm and rational attitude.