$ETH Current trend shows that the key short-term resistance areas are at 3920 (bearish short-term defense), followed by 3940 and 4040 as two short-term defensive lines, which are key positions for bearish defense.

If the four-hour K-line falls back below 3800, it can basically be regarded as a signal that this round of rebound has ended, with a subsequent pullback possibly to around 3750. On the contrary, if the daily line can successfully stabilize above 3850, there will be an opportunity to continue to challenge the previous high range between 3900 and 4100.

Currently, the market is still leaning towards strength, but as long as there is no substantial breakthrough of the key high point at 3941, bulls need to pay attention to controlling positions and avoid chasing high prices, while bears should not easily push the limits, maintaining flexibility to respond is more prudent.