The market has currently reached the resistance level of 117500 points. At this critical node, investors holding short-term long orders need to remain vigilant. It is recommended to appropriately reduce position to lock in some profits and avoid potential risks.

From an overall operational strategy perspective, the subsequent market is likely to focus on making long orders through pullbacks. During the pullback process, 116000 points are a key support level. If the market finds effective support here and shows signs of stabilization, it will be a good entry point for long orders.

For medium to long-term investors, the current market trend has not fundamentally changed, and they can continue to hold with peace of mind to reap the dividends of long-term growth.

Looking at the Ether trend, its pullback support levels are at 3880 and 3780, and when the price retraces to these levels, it is important to focus on whether it can stop falling and rebound. The minor resistance level is at 3940, and if the price rises near this point, it may face some resistance pressure, and the pace of the rise may slow down. The strong resistance level is at 4000, which is an important psychological threshold and technical resistance level. If it can break through 4000 strongly, it is expected to open up a new round of upward space, aiming for higher targets; on the contrary, if it encounters resistance and falls back at this point, close attention should be paid to subsequent trends to determine whether the short-term upward trend has ended.