Recently, the Ethereum market has experienced notable fluctuations. After breaking through the high of $3940, the price underwent a round of adjustment influenced by macroeconomic data, hitting a low of $3431. However, this pullback does not seem to have triggered panic in the market, but rather is seen as a healthy price adjustment.

Analysis indicates that Ethereum's fundamentals remain strong. The upcoming tenth anniversary celebration may inject new vitality into the market. In addition, the continuous upgrades and improvements to the Ethereum network also lay a solid foundation for its long-term development.

Despite potential fluctuations in the short term, many market observers believe that the upward trend of Ethereum is not yet over. The psychological barrier of $4000 remains a focal point for many investors and traders. However, investors should proceed with caution and closely monitor market movements and potential risk factors.

Overall, the latest trend of Ethereum once again proves the high volatility of the cryptocurrency market. Whether for investment or trading, it is essential to be based on in-depth research and risk management. With the continuous development of blockchain technology, Ethereum, as a leader in smart contract platforms, deserves sustained attention for its future development.