The market situation of Ethereum (ETH) is at a critical moment. From a Technical Analysis perspective, the current price movement indicates that the upper resistance level may have shifted to around 4030 USD, and fluctuations are expected within this range.

Investors and traders should closely monitor the important support level of $3970. If the ETH price can effectively break through this level, we may see further declines, with the next potential support level possibly around $3880.

However, market sentiment and macroeconomic factors will also play an important role in the short term. Investors should remain vigilant and adjust their strategies in a timely manner based on market changes. It is worth noting that the cryptocurrency market is highly volatile, and price movement can change rapidly.

Overall, the short-term price movement of Ethereum will depend on whether it can hold key support levels or break through resistance levels. In any case, it is essential to conduct thorough research and risk assessment before making investment decisions.