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Ethereum has recently performed strongly, with the price breaking through the $3800 mark, attracting market attention. However, on the road to future pumps, it still faces two important resistance levels.
First, $4100 is a key barrier. In the past, Ethereum has encountered strong resistance at this price level twice, making it difficult to break through. If it can successfully surpass this threshold, it will pave the way for further pump.
Secondly, $4800 is the high point of the last bull market and another important resistance level. Only when Ethereum successfully breaks through these two key price levels is it possible to advance towards the range of $5000 to $6000.
It is worth noting that market development takes time, and investors should remain patient. While some optimists have begun discussing targets of $8000 or $10000, such expectations may be premature. We should remain rational and focus on the current market dynamics and technical performance.
Overall, the rise of Ethereum is encouraging, but investors still need to be cautious and closely follow the performance of these key price levels. In the short term, the market may need more time to digest the current pump and build strength for potential breakthroughs in the future.