Recently, the Ethereum (ETH) market has shown a fluctuating trend, with prices hovering around $3700. Although there have been significant fluctuations in the short term, overall, ETH is forming a structural rise trend. Based on the current market dynamics, I believe ETH is likely to break through the $4000 mark.

This volatile market poses challenges for high-leverage traders, as frequent price fluctuations can easily trigger stop-loss orders. However, for long-term investors, this could be a good opportunity to accumulate. It is worth noting that even if ETH reaches $4000, considering its core position in decentralized finance, NFTs, and the Web3 ecosystem, this price may still be regarded as undervalued.

Of course, we must also recognize the unpredictability of the cryptocurrency market. Ultimately, how high ETH can reach in price depends on various factors, including but not limited to overall market sentiment, regulatory environment, technological advancements, etc. Investors should remain vigilant and practice risk management.

Overall, the long-term prospects for Ethereum remain promising. As the Ethereum network continues to upgrade and optimize, its ecosystem keeps expanding, and we may see more value being released. However, short-term price fluctuations should still be approached with caution, and investment decisions should be based on individual risk tolerance and long-term investment strategies.