Ethereum has recently shown strong momentum in the trading market. The latest data indicates that ETH has successfully stabilized above the $4000 mark, which undoubtedly instills confidence in investors. Although there was a slight pullback during the session, touching $4004, ETH subsequently demonstrated good resilience, quickly stabilizing and rebounding.

Currently, the market focus is on the key resistance level of $4030. Analysts point out that if ETH can effectively break through and stabilize above this level, we are likely to see further price increases, with the potential to challenge the $4100 region. This would mark ETH's entry into a new price range, bringing substantial returns for long-term investors.

However, investors also need to remain vigilant. If ETH fails to break through the resistance level of $4030, the market may face a significant risk of a pullback. In this case, investors should closely monitor the performance of support levels and changes in trading volume to prepare for potential price fluctuations.

In any case, the recent surge of ETH has attracted widespread attention in the cryptocurrency market. With the continued development of decentralized finance (DeFi) and non-fungible tokens (NFTs), ETH's dominant position as a smart contract platform seems to have been further solidified. The next market direction will not only affect ETH investors but may also have far-reaching implications for the entire cryptocurrency ecosystem.