The recent price movement of Ethereum (ETH) has attracted widespread follow from investors. On Saturday, analysts warned of a potential sudden fall, advising investors to seize the high point. It turns out that this prediction was quite accurate, as the price movement of ETH seems to have been well-known among market participants.

However, this price movement also means that many investors may have adjusted their positions in a timely manner. From a more macro perspective, the overall trend of the market is currently bearish. The US's continued tax increase policy also supports the view that the market lacks momentum, which may indicate that the market is about to enter a slowdown phase.

From a technical perspective, ETH has fallen below the support level of $4390 on the 4-hour chart. Investors should now closely monitor the next key support level at $4242 to see if a rebound occurs at this position or if it continues to fall.

In light of the current market conditions, investors should remain vigilant and operate cautiously. The volatility of the cryptocurrency market has always been significant, making risk management crucial. At the same time, it is important to closely follow the overall cryptocurrency market's pullback situation, as well as any potential seasonal trends in other cryptocurrencies, commonly known as "altcoins."

Whether you are an experienced trader or a novice investor, it is essential to remain calm in the current market environment, conduct thorough research and analysis, and develop appropriate investment strategies.