Ethereum (ETH) current market trend is attracting attention. Analysis shows that $4400 is still a crucial resistance level. Only if the daily chart can regain this level, is there a possibility to reverse the current market trend and return to long positions.

However, based on the current trend, ETH seems unlikely to break through this key position in the short term. The more realistic expectation among market participants is that ETH may drop to the support level near 4000 dollars. This price point will become the most important observation point worth following in the coming period.

According to technical analysis, there are currently two possible price movement paths. Both of these paths have a high probability, reflecting the current uncertainty in the market and potential directions for movement.

It is worth noting that the cryptocurrency market is ever-changing, and investors should act with caution and implement risk management. Although technical analysis provides valuable insights, the actual direction of the market may be influenced by various factors, including the macroeconomic environment, changes in regulatory policies, and industry developments.

Overall, the price movement of Ethereum is still at a critical decision point. Whether it breaks through the resistance level or tests the support, the upcoming trend will provide important signals for market participants. Closely following the key price levels of $4400 and $4000 will help investors better grasp market trends.