Recently, the cryptocurrency market has shown a rare strong performance from Ethereum. Despite reaching a temporary high, its price has not experienced the significant pullback that was expected, nor has it even reached a 10% decline. This unusual trend has drawn widespread attention from the market, as the performance of altcoins is often closely related to Ethereum.

However, this strength is likely only temporary. The characteristics of the cryptocurrency market determine that the dominant position of most coins is difficult to maintain in the long term. It is worth noting that the price trend of Ethereum often exhibits a non-synchronized characteristic with Bitcoin, which increases the difficulty of predicting its future direction.

From an overall trend perspective, Ethereum seems to have reached a stage where it needs to stop the wash trading. Even though the market still has upward momentum, the range of $3300 to $4000 is likely to become an important fluctuation area, requiring some time to digest the pressure.

Recently, the market has observed that large holders of Ethereum and Bitcoin frequently conduct transfer operations. Considering the current price levels, some whales may choose to take profits at this time. This behavior may affect short-term price trends.

Overall, although Ethereum is currently performing strongly, investors should remain vigilant about potential pullbacks. The uncertainty in the market still exists, and price movements may experience unexpected changes. Closely monitoring market trends and managing risks appropriately will be key strategies for participants at this stage.