The Ethereum (ETH) market is at a critical moment. The latest market data shows that the ETH price is oscillating between $4120 and $4150, with intense competition between bullish and bearish forces. However, from the perspective of technical analysis on the daily chart, bearish forces are gaining the upper hand, which has raised widespread concerns in the market.

Currently, the key support level of $4100 is facing a severe challenge. If this price level is breached, based on historical trends and technical indicators, ETH may accelerate downward. Market analysts predict that once the support level is lost, the price of ETH could quickly drop to around $3800.

The factors leading to this situation are complex and varied. In addition to the strong performance of bearish forces, the overall market sentiment's weakness is also an important factor that cannot be ignored. These factors together form the basis for a potential downward trend.

In the face of the current market situation, investors need to remain highly vigilant and closely monitor price movements. At the same time, formulating a reasonable risk management strategy is particularly important. Whether holding long-term or engaging in short-term trading, caution and rationality are indispensable investment attitudes in the current market environment.

It is worth noting that the cryptocurrency market is inherently volatile, and price trends can change rapidly. Therefore, investors should conduct comprehensive market analysis and risk assessment before making any decisions.