Recently, the price of Ethereum (ETH) has shown signs of stabilization around $3918, attracting market attention. From a Technical Analysis perspective, this price level has formed a short-term strong support area. It is worth noting that during the previous decline, the volume clearly contracted, indicating that the bearish momentum is weakening. Meanwhile, the hourly Candlestick Chart has started to show a stable trend, which may signal that the long positions are about to counterattack.

For the current market situation, some analysts believe this could be a potential rebound opportunity. They expect that if ETH can break through its current position, the next important resistance level may be in the range of $3970 to $3980. If it successfully breaks through this range, the price is expected to further rise towards around $4050.
However, investors also need to remain cautious. The market suggests setting the stop loss around $3880 to control risk. The cryptocurrency market is highly volatile, and opportunities can be fleeting, so it is crucial to keep up with market trends in a timely manner.
Overall, the current price of Ethereum is at a critical technical position. Whether bullish or bearish, investors should closely follow the upcoming price trends and changes in volume to make prudent investment decisions. In a highly uncertain cryptocurrency market, risk management is always the primary consideration.