$ETH

🚀ETH encountered strong selling around $4788, and the market's attention is refocusing on the breakout level of $4089.

🐂 Bullish Scenario

If ETH can find support and rebound at $4089, it would mean that bulls are turning this level into a 'foundation'. Once stabilized, the price is expected to quickly surge towards the range of $4788-$4868. More importantly, if it successfully stays above $4868, market sentiment will be completely ignited, and ETH may head straight for the $5000 mark, further challenging $5662!

🐻 Bearish Scenario

However, if the ETH price fails to hold above $4089 and is pushed back by bears, it would mean that short-term profit-taking is starting to emerge. Such a trend could push ETH all the way down to $3740.

🎯 Key Observation Levels

Support: $4089 → $3740

Resistance: $4788 → $4868 → $5000 → $5662

Core Logic: Holding above $4089 is a signal for counterattack; falling below requires caution for accelerated pullback.