The technical aspect of Ethereum is showing intriguing signals. Since hitting a low of $1700 this year, the rebound of ETH has entered a critical phase. $3980 is not only an important technical resistance level but also a watershed for market sentiment. Whether this price level is broken or not will have a significant impact on the mid-term trend.

If ETH can break through and stabilize above $3980, it is likely to trigger a technical buying resonance, pushing the price toward the $4200 area. Notably, ETH has recently shown a sustained moderate volume increase structure, combined with a positive momentum indicator pattern, laying the groundwork for challenging this key resistance level.

Currently, Ethereum is at a critical point. The gain or loss at the $3980 price level will determine whether it continues to oscillate or starts a new round of increase. A breakthrough at this price level could trigger an accelerated rise, while failing to break through may lead to continued oscillation.

In addition to Ethereum, the entire cryptocurrency market may also be affected by this trend. Market participants should pay close attention to the performance of ETH, as it may indicate broader market trends. At the same time, Bitcoin (BTC), as the market leader, is also worth watching, as it often influences the direction of the entire cryptocurrency ecosystem.

At this critical moment, investors and traders need to remain vigilant, closely monitor market trends, and adjust their investment strategies in a timely manner. Whether choosing to watch cautiously or participate actively, decisions should be based on one's own risk tolerance and investment goals.