This wave of Ethereum is completely driven by institutional funds, and it is very evident that the institutional main funds are in control. Ethereum forcibly broke through a new high early this morning, but at three o'clock in the morning, Ethereum, along with Bitcoin, crashed down rapidly.

On the four-hour level, Ethereum has been continuously closing with large bearish candles. Personally, I believe that the main institutional funds for Ethereum have not completely changed hands yet. I think that in the next few days, there is an over 80% probability that Ethereum will quickly pull back to the $4150 line.

Once Ethereum's daily level strongly breaks through the $4000 line, it will also announce a complete strong shift of Ethereum's bullish trend to a bearish one. I personally think that Ethereum will further pull back down, and after the Federal Reserve's interest rate cut in September, there is an over 80% probability that Ethereum will further test the ultra-strong support at the $3000 line.

Finally, I want to say that the altcoin season that everyone has been eagerly waiting for is really hard to come by; the market will only see sector rotation, and only the strong will continue to be strong.