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Traders remain bullish, expecting ETH to reach new heights of $4000.
On August 4th, traders expressed in their personal channels that the market has been quite torturous these past few days, but they have finally managed to get through it—almost capitulating at the bottom. Considering the rebound of Bitcoin from $112,000, they have decided to maintain a bullish outlook. Now they are looking forward to Ethereum pushing up again to $3,800-$4,000, seeking opportunities suitable for short-term operations, but are uncertain how the market will behave if it deteriorates again.