I believe that Ethereum's current technical landscape is sending clear signals: the rebound that started from this year's low of $1700 has entered a critical decision phase. The $3980 level serves as both a technical and psychological resistance (it is both a previous high platform and a watershed for market sentiment), and whether it breaks through or not will directly determine the medium-term trend—if it can effectively stabilize with increased volume, it is highly likely to trigger a technical buying resonance, pushing the price towards $4200 (the 2024 high region).
From the perspective of volume-price relationship, the recent continuous gentle increase in volume combined with a positive momentum indicator pattern has laid the foundation for challenging this resistance level. In short, Ethereum is currently at a critical point of "breakthrough leads to acceleration," and the outcome at $3980 will determine whether the market continues to oscillate or starts a new wave of upward movement.
In terms of future positioning, I will guide everyone to target the lucrative opportunities in altcoins, with an expected potential of over 10 times being quite feasible. Like and comment, and I'll help you position yourself for the entire bull market!
