Ethereum has once again crossed the 4000-point threshold, with the market refocusing on this key price level. Looking back, whenever this height is reached, prices often experience significant fluctuations or even a substantial pullback. This breakthrough marks Ethereum's fourth challenge of the 4000-point barrier, sparking widespread discussion and analysis in the market.

From a technical perspective, the bullish trend on the daily chart remains evident, and the MACD indicator has also released strong signals. However, past experience tells us that a breakout does not always mean a sustained rise.

Market sentiment is currently marked by a stark contrast: optimists believe that this breakthrough is a true breakthrough, and with cryptocurrency being more widely accepted, Ethereum is expected to hit new highs; pessimists, on the other hand, fear a repeat of history and are wary of a potential sell-off caused by a cooling market.

In my personal opinion, a pullback may occur in the short term, as investors might choose to reduce their holdings influenced by historical experiences. However, in the long run, as long as the macro environment remains loose and the acceptance of the crypto market continues to rise, the growth potential of Ethereum is still enormous. The continuous development of ecological applications such as DeFi and Layer 2 provides a solid foundation for Ethereum.

For investors, it is advised not to be overly influenced by short-term fluctuations. If you have an optimistic view on the long-term development of Ethereum, short-term pullbacks should not be overly concerning; if you are a short-term trader, you need to closely monitor market trends, set stop-loss orders in a timely manner, and avoid falling into the predicament of sudden fluctuations.

In this game of bulls and bears, the flow of funds may reveal future trends. Maintaining a rational attitude and avoiding being swayed by emotions is essential for steady progress in the market. Whether Ethereum can break the historical curse and embark on a new journey remains to be seen.