As Friday approaches, the market trend of Ethereum has attracted widespread attention from investors. This cryptocurrency has performed impressively this week, with a rise of 11%, not only offsetting last week's 9% fall but also demonstrating a strong upward momentum. This performance reflects a significant increase in bullish sentiment in the market.

Currently, the greed index of the cryptocurrency market has reached 74 degrees, clearly reflecting that investor sentiment is at a high level. This widespread optimism may continue to drive the price of Ethereum upward.

However, market participants should closely monitor key price levels. $4000 has become an important resistance level, and if Ethereum can effectively break through and stabilize at this level, it is likely to embark on a new journey towards the 4400-4500 dollar range. On the other hand, $3600 is an important support level; if this price level is broken, it may lead to a price drop to around $3300.

It is worth noting that although market sentiment is optimistic in the short term, investors should remain cautious. The cryptocurrency market has always been highly volatile, and external factors such as changes in regulatory policies and macroeconomic conditions can significantly impact the market. Therefore, when making investment decisions, it is essential to consider various factors that may affect the market comprehensively and develop corresponding risk management strategies.

Overall, Ethereum is currently in a key price range, and its future trend will largely depend on whether it can break through the key resistance level. Regardless of the outcome, this weekend will be an important period for Ethereum investors to closely monitor.