Ethereum (ETH) has shown strong performance recently, with its price rising from $3,700 to $3,900 in just a few days, demonstrating the rapid changes in the market. This upward trend is supported by multiple factors, including significant growth in on-chain data and expectations for the upcoming launch of a spot ETF.

Market observers point out that despite the significant increase in ETH prices, this may only be the beginning of a bull market. As prices approach the $4000 mark, market sentiment may further heat up, attracting more investor attention and participation.

It is worth noting that the current market is still in a relatively rational phase, providing investors with a relatively calm decision-making window. However, as prices continue to rise, this window may soon close.

Analysts advise that individuals interested in investing in ETH should closely monitor market trends while carefully assessing their own risk tolerance. Although the current market conditions may seem enticing, the high volatility of the cryptocurrency market remains a risk factor that cannot be overlooked.

Overall, Ethereum's strong performance reflects the overall activity in the cryptocurrency market and highlights the growing influence of blockchain technology in the financial sector. Whether or not to invest, this trend is worth paying attention to.