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Last night, it surged high and then fluctuated down to around 3970 USD during the day. Currently, ETH is hovering and fluctuating in the 4025 price range. The support level below ETH has risen, and the trading volume over the weekend is small, but there is significant pressure and selling in the 4025/4050 price range. From a broader trend perspective, it is still moving upward. We need to pay close attention to the 4030/4050 range. If it cannot break through this pressure zone, it may pull back to the 3970/3930 price to look for support. Only if it holds above the 4000/4005 price range can it have a chance to continue surging to the 4150/4225 price.
In summary, ETH is currently in a key price range, and only a breakthrough of the resistance level will bring new upward space. If it loses the support level, it may continue to decline in search of a new bottom.