It's that familiar time of low activity in the Asian market. Whenever the European and American markets make efforts to rally at night, the Asian market continues to sell off after opening, which is truly puzzling.

As Ethereum (ETH) made its fourth attempt to break through the $4000 mark in this round, it was dragged down by Bitcoin and fell back. It seems that a deeper pullback is needed before it can continue to rise. Currently, in addition to the support level of $3800, we can also pay attention to the trend line near $3730. If the price reaches this level, short-term long positions can be considered, with a high probability of obtaining good rebound profits. And our exit from long positions at $4050 was timed quite accurately.
From a long-term perspective, Ethereum's resistance at $4000 is indeed difficult to break through easily. After this failed attempt, there may be a 1-2 week pullback. But the next attempt to break through $4000 may be the real breakthrough, also marking the start of a new uptrend wave.
In fact, the bull market is still long, and we don't need to be impatient. The market always goes up and down, and it takes a year to gradually unfold. We need to be prepared for long-term battles and try not to participate in high-leverage contract gambling, because the margin of error is too low. Only those who persist to the end are the real winners!