As Ethereum celebrates its tenth anniversary, the cryptocurrency market shows significant volatility. Recently, we have witnessed a strong downward trend that exceeded many analysts' expectations. However, this dramatic market dynamic may signal a substantial rebound on the horizon.

Market observers have noted that large institutional investors seem to be gearing up, which may suggest that a significant market shift is imminent. Currently, the trend of Ethereum (ETH) has become the focus of the market. If ETH can break through the key resistance level of $3860, then $3880 and $3900 will become the next targets. However, if it fails to break through this level, we may see further correction, with support levels possibly around $3780 and $3740.

The price level of $3740 is especially critical, as it has been breached multiple times in the past but failed to sustain. If ETH can break through and hold this level this time, the significant barrier of $3700 might be overcome. However, some market analysts believe that breaking $3700 may still face challenges before reaching around $3900.

Despite the uncertainty in the market, overall, bullish sentiment remains relatively strong. Investors are closely monitoring market trends, looking for potential entry opportunities. Meanwhile, the craze for stablecoins continues, reflecting the market's demand for safe-haven assets.

In this market environment filled with opportunities and challenges, investors need to remain vigilant, closely monitor market changes, and manage risks effectively. Regardless of how the market fluctuates, maintaining a calm and rational investment strategy is always a wise choice.