Ethereum (ETH) has shown concerning market performance recently, with prices continuously dipping, putting the critical support level of $4000 at risk. Although there have been some positive signals on the 4-hour chart, such as the MACD golden cross pattern moving upwards, the market lacks sustained trading volume support and price rebound.

After a brief period of consolidation, ETH has once again fallen into a continuous downtrend. If the 4000 USD support level is broken, we are likely to see the price quickly decline to the 3800 USD range. In this situation, investors should remain cautious and patiently wait for better entry opportunities.

In the current market environment, it is advisable to closely monitor changes in trading volume and price trends. Only when there are clear reversal signals and sustained buying support should one consider re-entering the market. Until then, maintaining a wait-and-see attitude may be the wiser choice.

For long-term investors, this may be an opportunity to accumulate positions, but it is still necessary to carefully assess the risks. Short-term traders should be more vigilant and set appropriate stop-loss levels to prevent losses from potential further declines.

Overall, the Ethereum market is at a critical moment, and investors need to remain calm, closely monitor market trends, and manage risks effectively.