🔥#ETH Ethereum Trend Speculation: Is the 4000 Level Key, and Will a Breakout Lead to a Surge?

Folks, let's take a look at the current situation of Ethereum (ETH)!

From Binance's 4-hour candlestick chart, we can see that the latest price of Ethereum is 4447.97 USDT, down 2.37% in the last 24 hours. In the short-term trend, there is clearly no significant upward momentum, but rather a hint of a downward correction.

If the price drops to around 4420, we could see 4200 in the short term. If it can't even hold the crucial support level of 4000 and breaks below it, well, things could get interesting!

Why is 4000 so crucial? Because it is not only an important psychological level but also a strong support level from a technical perspective. Once this level is broken, those who shorted (bears) might have to rush to cover their positions, while those who went long (bulls) will seize the opportunity to enter the market. When buying pressure explodes, the price of Ethereum could very well soar "north" and enter a surge mode!

Now it all comes down to whether the 4000 level can be held. What do you all think will happen with Ethereum next? Will it take off after breaking 4000, or will it stabilize and rebound around this area? Let’s discuss in the comments! 🚀💥#MUA