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The recent market performance of Ethereum (ETH) has garnered significant attention. On Friday, the price of ETH surged to around $4000 before retreating, making this critical level a battleground for both bulls and bears.
$4000 is not only a historical high but also a take-profit point for many large investors and early participants. At this level, there are a large number of chips waiting to be unblocked, including retail investors who bought at the bottom and large institutional investors who are taking profits in batches at this position, causing $4000 to temporarily become a resistance level.
However, this does not mean that the upward momentum of ETH has come to an end. It is expected that after the upcoming tariff news is announced, ETH is still likely to maintain an upward trend. Some analysts believe that Ethereum has the potential to break through the $5000 mark.
Currently, market sentiment remains positive, but the real challenge lies in how to seize this wave of market movement. Investors need to stay vigilant, follow the market trends after the opening of the U.S. stock market, and adjust their investment strategies in a timely manner.
In the current market environment full of opportunities, it is important to remain calm and rational. Although fluctuations may occur in the short term, the fundamentals of Ethereum remain strong in the long run. Investors should closely follow market dynamics, weigh risks against returns, and make informed investment decisions.