ETH is currently facing pressure at the $4000 round number. From the current formation, the offensive momentum is still somewhat lacking, and the determination of the major players to break through is not very clear. Indeed, the time spent oscillating around the $4000 round number is still insufficient; it has only been 1 week so far.

In conjunction with the 12-hour formation, everyone can pay attention to the MACD golden cross signal at the 12-hour level, and a clear large bullish candle is also needed to confirm entry.

Therefore, for the lower range points, you can still refer to these two positions: 3918—3838, which are the K-line closing positions for the 12-hour bullish attack and can also serve as the first defensive position for the bullish side.