Since the price of Ethereum touched its historical high of $4877, its performance has been unsatisfactory. In the past six months, although there have been multiple attempts to break through the $4500 mark, none have been successful. Especially between March and August, Ethereum launched four surges but was unable to firmly stay above the $4000 level. This phenomenon fully demonstrates the importance of $4000 as a strong resistance level.



Currently, investors can use $4000 as a key reference point to look for trading opportunities within a range of $200 above and below it. Specifically, the range of $3800 to $4200 may become an ideal area for selling. This strategy takes into account not only the current technical aspects of the market but also reflects the recent price movement patterns of Ethereum.

It is worth noting that while the $4000 level remains a difficult barrier to overcome in the short term, Ethereum's fundamentals remain strong in the long run. With network upgrades and the continuous development of the application ecosystem, Ethereum is expected to break through the current price constraints in the future and reopen its upward channel. However, investors should remain vigilant and closely monitor market trends and macroeconomic factors to make informed investment decisions.
ETH0.1%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
LiquidityWitchvip
· 10m ago
the dark arts of 4k resistance... time to brew some forbidden longs tbh
Reply0
PositionPhobiavip
· 4h ago
4000 dollars is life!
View OriginalReply0
LiquidityWhisperervip
· 12h ago
Is 4000 the ceiling? This market is too difficult.
View OriginalReply0
GasFeeCrybabyvip
· 08-07 18:50
eth cannot surpass four thousand
View OriginalReply0
MemeKingNFTvip
· 08-07 18:50
The market is like a torrent of sand, hold a sense of awe, continuously reducing position.
View OriginalReply0
ImpermanentPhilosophervip
· 08-07 18:41
4000 urgent need price, just bearish and that's it.
View OriginalReply0
ZenMinervip
· 08-07 18:32
All in and it’s done.
View OriginalReply0
GasFeeLadyvip
· 08-07 18:28
watching eth like i watch my gas fees... 4k is one stubborn wall fr
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)