Today, I would like to share some of my observations and analysis on the current price trend of Ethereum. The other day I predicted that Ethereum would not break through $2,880, but the fact that the highest point was only $2,879 made me even more convinced of my judgment.

I still believe that Ethereum will form a deep V-shaped pullback on the 4-hour chart, and this judgment is based on the following three considerations:

First of all, there are currently too many investors in the market optimistic about Ethereum breaking through 3000 USD, creating a clear one-sided expectation. However, financial markets often do not meet public expectations, and the actual breakthrough of 3000 USD may occur when most people no longer expect it or even think it is impossible, similar to the market psychology when Bitcoin reached 110,000 USD.

Secondly, the market rhythm pattern indicates that a rapid rise is usually followed by a rapid decline, while the current slow upward trend of Ethereum is more likely to lead to a slow decline. This "boiling frog" price movement is often more deceptive.

Thirdly, from a technical analysis perspective, Ethereum has a price gap in the range of $2080-$2450 that has not yet been filled. This technical pattern suggests that the price may pull back to fill this area.

Based on the above analysis, I expect Ethereum to retrace to around $2100. This forms the basis of my trading strategy; if the price breaks above $3000, that will be my stop-loss point; if the retracement occurs as I anticipate, it will validate my judgment. The market is always full of uncertainty, and every trader needs to make decisions based on their own analysis.