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Recently, Ethereum's whipsaw has been quite severe, falling nearly 20% from its peak. From the daily chart perspective, the pullback has reached a critical position, with MA30 support at the bottom, which is also the significant 4000 level, providing double support. Generally, at such a special position, the probability of a direct fall below during the first retest is very low, making it easy to see a bottom rebound. If Ethereum can hold above 4000 in the short term, it will subsequently aim to challenge the 4400 resistance level #以太坊 # ETH.