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Recently, the enthusiasm in the Crypto Assets market continues to rise, and investors are generally focused on whether the alts market can continue its trend. However, the answer to this question largely depends on whether Ethereum (ETH) can stabilize at the $4000 price level.
Currently, Ethereum is facing two significant resistance levels above: the peak of the current bull market and the high point that was not broken in the previous bull market. These two key levels have a major impact on market psychology, and once broken, they may trigger panic buying (FOMO) sentiment. Once FOMO sentiment spreads, it often accelerates the rise in the market.
However, investors should not only focus on the upward trend but also closely monitor price pullbacks. If the pullback speed is moderate and the price can quickly stop falling and rebound, it indicates that the current market situation is still healthy and has the potential for further increases.
Therefore, the performance of the key price level of 4000 USD is crucial. If Ethereum can successfully break through this level and ignite market sentiment, there is still room for upward movement in the subsequent trend, and the overall direction can remain optimistic.
It is worth noting that although the market enthusiasm has surged in the short term, investors still need to remain rational, closely monitor market changes, and manage risks appropriately. At the same time, attention should also be paid to changes in the overall macroeconomic environment and regulatory policies, as these factors may have a significant impact on the Crypto Assets market.