Ethereum (ETH) is currently under huge pressure at the crucial integer level of $4000.

Analyzing its current form, the momentum for an upward push seems somewhat lacking, and it is still difficult to clearly determine how much determination the market makers have to break through this level.

Furthermore, the duration of the fluctuations around the $4000 level has been relatively short, lasting only about a week up to now.

Considering the 12-hour chart, investors should focus on the bullish crossover signal presented by the MACD at the 12-hour level, and it must be accompanied by a very clear large bullish candle; only in this way can one enter with relatively high certainty for layout operations.

As for the key support levels below, attention can be directed to the two points between 3918 and 3838. This range is actually where the closing prices of the K-line in the 12-hour bullish advance are located, and it can also serve as the core key support level for bulls in the initial range.

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