In the short term, Ethereum's price shows a tendency for downward correction, mainly based on the current market's lack of a clear upward trend!

It can briefly look down to 4200 near 4420, with a critical support level at 4000!

Once the price successfully breaks through the support level of 4000, the market may reverse, initiating a bullish trend, heading north all the way!

Because 4000 acts as an important psychological level and technical support, if broken, it will attract a large number of short covering and new entries, driving the price up!