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.
ETH-1.79%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
DefiPlaybookvip
· 4h ago
BTC is leading the bull run
View OriginalReply0
MetaverseVagabondvip
· 08-08 09:41
It's done, just forget about it.
View OriginalReply0
probably_nothing_anonvip
· 08-08 09:38
Four k will eventually break five k.
View OriginalReply0
StealthMoonvip
· 08-08 09:38
Falling is healthier.
View OriginalReply0
MEVHuntervip
· 08-08 09:28
Good work earns money
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)