Now many people are saying that ETH will break through 10,000 USD. I really don't understand what basis they have for this. Is it just talk? I think it would be great if ETH could break through 4,000 to 4,900 USD next year.

Yesterday, ETH started to show some unusual movements, mainly because it had been consolidating for several days. After a long period of consolidation, there often comes a surge, so last night it pulled back to 3,060 USD.

From an intrinsic logic standpoint, this is mainly because the BTC market is at a high level of consolidation, and some funds have flowed into altcoins, especially ETH and the leading coins in various sectors. Therefore, the performance of altcoins is closely related to the movement of ETH.

Speaking of specific price levels, ETH needs to first break through and stabilize above the recent highest resistance level of 3,444 USD before it can potentially move towards 3,660 to 3,996 USD. It is completely unrealistic to shout 6k or 10k after just a small rebound. If you blindly look at ETH's potential, you might suffer significant losses in this round of market.

ETH has long been neglected by capital; this is not a matter of one or two days, especially in the futures market, where simply going long can easily lead to being trapped. If you hold spot, you can observe further, but you need to operate cautiously.