Ethereum is in a larger cycle, looking at the daily chart, it has already reached previous highs. This is definitely a profit-taking zone, not a zone for chasing after breakouts. Regardless of how many people see 4500 or above 10000, I also feel that the cost-effectiveness here is very low.

So my view remains unchanged, treat the resistance level of 3740-4110 as a high-level fluctuation. Without any strong upward momentum, neither bulls nor bears have a clear pattern. Let's wait until one day it breaks through 4110 to discuss further.