Let’s conduct a hypothetical market analysis. Currently, Ethereum seems to be in a critical price range. The observed pattern indicates that a pullback may occur, with an expected adjustment range between 11,200 and 11,300. This range could become a strong support level, making it worth following for investors looking to get on board.

Recently, Ethereum has experienced a process of rising after a decline, showing a trend of first suppressing and then rising. It is worth noting that, compared to Ethereum, Bitcoin's pullback does not seem to be completely over. Ethereum has attempted multiple times to break through the key resistance level of 3,780, but has failed to hold each time, which may lead to some investors feeling disappointed.

From a technical analysis perspective, as long as the price of Ethereum fails to effectively break through the 3,780 level, the market may still be in a relatively safe range. However, investors should closely follow this resistance level, as breaking through it could indicate a significant shift in market sentiment.

Overall, the cryptocurrency market remains filled with uncertainty. Investors should take into account multiple factors when making decisions, including but not limited to technical analysis, market sentiment, and the broader economic environment. Always remember that cryptocurrency investment involves high risks; it is important to conduct thorough research and act cautiously.