Ethereum (ETH) has once again demonstrated its strong upward momentum, with the recent price breaking through the $3900 mark, just one step away from the $4000 round figure.

The current surge aligns with market expectations, as ETH has accurately regained upward momentum after testing the trend line. So far, ETH has reached a new high of $3940, just $60 away from the $4000 mark.

From a technical perspective, ETH is currently still in an upward channel and is expected to challenge the $4000 mark in the short term. However, investors should remain vigilant about potential retracement risks and it is advised to maintain a cautious attitude when making investment decisions and to strictly control positions.

It is worth noting that the ongoing upgrades and improvements to the Ethereum network, such as the upcoming EIP-4844 (also known as Proto-Danksharding), may have a positive impact on its price. These technological upgrades are expected to further enhance Ethereum's scalability and efficiency, thereby attracting more developers and users.

Despite the impressive short-term performance of ETH, the cryptocurrency market has always been highly volatile. Investors should always remain rational and manage risks effectively. At the same time, closely monitor the macroeconomic situation, changes in regulatory policies, and significant industry events, as these factors can have a substantial impact on the price of ETH.

Overall, the current trend of ETH is encouraging, but whether it can smoothly break through the $4000 mark and stabilize still needs further market validation. In any case, as the leader of smart contract platforms, the long-term development prospects of Ethereum are still worth looking forward to.