At this price level, many people are hesitant and dare not enter the market.

The thoughts of most families are roughly two: either wait for it to break through the key level before chasing, or wait for a pullback to the support level before buying.

Currently, the liquidation stack for the futures has accumulated to 3977; and below at 3773, if touched, the 1.849 billion long positions may be liquidated. In comparison, the upward space above seems to be relatively limited.

By tonight, we will be able to see whether Ethereum breaks through the 4000 level or adjusts and consolidates. $BTC $ETH