The crypto assets market is once again boiling today, with Ethereum (ETH) showing strong rising momentum. Market analysts predict that it is likely to challenge the important psychological barrier of $4000.

From a technical perspective, the 4-hour chart of ETH shows a series of bullish signals. The price has broken through the previous high of 3700 dollars and firmly stands above the key integer level of 3800 dollars, currently in a clear upward channel.

In the short term, the 1-hour chart shows a long upper shadow near the $3850 mark, indicating that there is some profit-taking pressure at this price level. Nevertheless, ETH remains in a high-level fluctuation, demonstrating strong resilience.

From a longer time frame perspective, the daily chart has shown three consecutive trading days of rising candles, while also breaking through the 120-day Exponential Moving Average (EMA120, located at $3561), forming a typical bullish engulfing pattern. This technical formation further confirms the mid-term rise trend of ETH.

However, investors also need to remain vigilant. Although the overall trend leans towards bullish, ETH may face the risk of an overbought adjustment in the short term. For investors looking for entry opportunities, any pullback that does not break the support level may provide a better buying opportunity.

It is worth noting that the crypto assets market has always been highly volatile, and investors should fully assess risks and conduct in-depth market research before making any decisions. #ETH巨鲸增持#