The crypto assets market is once again boiling today, with Ethereum (ETH) demonstrating strong pump momentum. Market analysts predict that it is likely to challenge the important psychological level of $4000.

From a technical perspective, the 4-hour chart of ETH presents a series of bullish signals. The price has broken through the previous high of 3700 dollars and has firmly established itself above the key integer level of 3800 dollars, currently situated in a clear upward channel.

In the short term, the 1-hour chart shows a long upper shadow around the $3850 level, indicating that there is some profit-taking pressure at this price point. Nonetheless, ETH continues to oscillate at high levels, demonstrating strong resilience.

From a longer time perspective, the daily chart has shown three consecutive trading days of gains, while also breaking through the 120-day Exponential Moving Average (EMA120, located at $3561), forming a typical bullish engulfing pattern. This technical formation further confirms the mid-term rise trend of ETH.

However, investors also need to remain vigilant. Despite the overall trend leaning towards bullish, ETH may face the risk of an overbought correction in the short term. For investors looking for entry opportunities, any pullback that does not break the support level may provide a better buying opportunity.

It is worth noting that the Crypto Assets market has always been highly volatile, and investors should fully assess the risks and conduct in-depth market research before making any decisions.