$ETH Ethereum's recent wave of 3500-3400 is nearly over; I've just done some analysis.

I don't see Ethereum reaching 4000 in the near term unless large capital drives a FOMO sentiment, with E-Watchman calling the shots!

If Ethereum were to reach 4000 and break the previous high of 4800, it would have already done so during the big run of 73777, the run of 109588, and the run of 111980; this time it's 123218!

Ethereum and altcoins seem to be experiencing a rebound similar to November-December last year, but the strength, capital flow, and public sentiment are not as strong as last year. This time's momentum is also not as strong as at the end of last year. How high was the FOMO sentiment back then, and how much FOMO sentiment is there now?!

The current push is basically due to RRP funds decreasing from over 20 trillion to 150 billion, with short-term investments flowing into the market pushing up US stocks and Bitcoin; this is speculation. Subsequently, the funds will flow back to RRP, and then the decline will come.

$BTC Bitcoin's trend is still decent; as long as it doesn't break the previous low and maintains 117214 recently, we still have a chance to see Bitcoin at 128-135.