Ethereum (ETH) has attracted the attention of investors due to its performance in the CME futures market. Recently, the gap in ETH futures prices around $4060 has been filled, which is an important technical signal for the market. It is worth noting that ETH has shown a falling trend for the seventh consecutive trading day, and this time period coincides with the market turning point cycle in Gann Theory, suggesting a potential trend reversal may be imminent.

Although further falls may still occur in the short term, the downside space is expected to be limited. For investors looking for entry opportunities, the price range between $4130 and $4030 may provide a good entry point. It is recommended that investors consider gradually building positions within this range based on their own risk tolerance and investment strategy.

From a technical perspective, the key resistance levels that ETH currently faces are mainly around $4320 and $4420. These price levels may become critical breakout points when ETH rebounds. Investors should closely follow the performance of these price levels to assess the potential future price trend.

Overall, the current ETH market is showing some positive technical signals, but investors still need to remain cautious and manage risks appropriately. Closely following market dynamics and adjusting investment strategies in a timely manner will be a wise move to cope with the current market environment.