The heat wave makes the air sticky, and even the strongest air conditioning feels like scratching an itch through a boot. Turning off the air conditioning, the heat immediately strikes back, sticking to the skin and hard to shake off. Even the wind carries warmth; one wishes to hide in an ice cellar instead. This heat is like a tight net, and the air conditioning can only tear a small hole, which is quickly tightened again. ​

Recently, the price of Ethereum has shown a fluctuating upward trend, but encountered resistance at the 0.382 Fibonacci retracement level (around 3920 points), followed by a pullback. The performance of this key price level has attracted market attention. Analysis shows that if Ethereum can successfully break through the important resistance level of 3920 points and stabilize above this position, it will be seen as a clear bullish signal. In this case, investors may consider entering the market to establish long positions. However, investors should be aware that the cryptocurrency market is highly volatile, and external factors such as regulatory policies and macroeconomic conditions can significantly impact prices. Therefore, when making investment decisions, it is necessary to consider multiple factors comprehensively and conduct a thorough risk assessment. In addition, as the foundation of the decentralized application platform, the price trend of Ethereum not only reflects speculative demand but also to some extent reflects the development status of the entire blockchain ecosystem. Therefore, following the technical progress of Ethereum, the implementation of applications, and other fundamental factors is equally important for understanding its long-term value. Overall, whether the breakthrough at the 3920 point level may become an important indicator of Ethereum's price direction in the short term. Investors should remain vigilant about the overall market situation while focusing on this technical aspect and manage risks effectively.

Recently, the price of Ethereum has shown a fluctuating upward trend, but encountered resistance at the 0.382 Fibonacci retracement level (around 3920 points), followed by a pullback. The performance of this key price level has attracted market attention. Analysis shows that if Ethereum can successfully break through the important resistance level of 3920 points and stabilize above this position, it will be seen as a clear bullish signal. In this case, investors may consider entering the market to establish long positions. However, investors should be aware that the cryptocurrency market is highly volatile, and external factors such as regulatory policies and macroeconomic conditions can significantly impact prices. Therefore, when making investment decisions, it is necessary to consider multiple factors comprehensively and conduct a thorough risk assessment. In addition, as the foundation of the decentralized application platform, the price trend of Ethereum not only reflects speculative demand but also to some extent reflects the development status of the entire blockchain ecosystem. Therefore, following the technical progress of Ethereum, the implementation of applications, and other fundamental factors is equally important for understanding its long-term value. Overall, whether the breakthrough at the 3920 point level may become an important indicator of Ethereum's price direction in the short term. Investors should remain vigilant about the overall market situation while focusing on this technical aspect and manage risks effectively.