Recently, the Ethereum (ETH) market has shown an intriguing phenomenon: the futures gap has been completely filled, and it was done all at once without any daily chart rebound fluctuations. This development has surprised many market observers.

However, we need to recognize that filling the gap does not mean that the downtrend has ended. The next market direction will mainly depend on two factors: the leading effect of the Bitcoin market and the support ability of Ethereum itself.

Currently, the market focus is on two key price levels: whether $4090 can hold as an important support level, and whether $4218 will become a resistance level or the starting point for a new rebound. The performance of these two price levels will provide important market signals for investors.

It is worth noting that the volatility of the cryptocurrency market has always been high, and investors need to remain cautious when making decisions. In addition to focusing on technical indicators, they should closely monitor macroeconomic conditions, changes in regulatory policies, and other factors that may affect the market.

Overall, the Ethereum market is at a critical turning point. Whether long-term investors or short-term traders, it is essential to remain vigilant, closely monitor market trends, and make informed investment decisions based on their risk tolerance.