Ethereum Market Analysis: Key Observations After the Pullback

1⃣ Current Trend: Ethereum has recently pulled back significantly from the resistance level of $4000, dropping 24% from the peak to the lowest point. The short-term support level is at $3080, and it is currently still about 6.7% above the bull market support line, indicating that the trend has not been broken.

2⃣ Key Resistance: $4000 is the core pressure zone, and there have been no successful daily closes above $4000. I am indeed a bit hesitant about Ethereum, but I still look forward to Ethereum's impressive performance in the first quarter; I hope it won’t disappoint me, as my largest position is in it.

3⃣ Future Outlook: The short-term pullback does not change the long-term bull market trend. If the support holds and breaks above $4000, the bullish trend is expected to continue, with the next target aimed at new highs.