Ethereum (ETH) has recently undergone a significant price adjustment, falling to a level of $4228. This drop has raised concerns among market participants, but a deeper analysis suggests that this may be an exaggerated "risk" and could actually hide investment opportunities.

The superficial reasons for the price fall include statements from certain politicians and news regarding the unlocking of ETH staking. However, upon closer examination of these factors, we may find that their actual impact could be overstated. Discussions around regulation are not new, and large institutional investors have long been prepared for this. Furthermore, the amount of ETH being unlocked this time is relatively small, accounting for only 0.03% of the total supply, which is insufficient to cause a significant impact on the market.

From a technical analysis perspective, $4228 is exactly an important support level for ETH. After a brief sell-off, the price quickly rebounded to around $4310, indicating that buying pressure remains strong. As long as ETH can hold the range of $4200-$4300, this may be a good opportunity for gradual accumulation. Even if the price dips further, the 30-day moving average near $4200 will provide strong support.

In the long term, the fundamentals of ETH remain strong. The continuous accumulation of ETFs and the ongoing expansion of the ecosystem are still the core factors driving the value of ETH. The current price adjustment may be preparing for a breakout above the previous high of $4730, clearing out some unstable positions.

For investors, the real risk lies not in short-term price fluctuations, but in the inability to identify the investment opportunities behind these fluctuations. Staying calm and conducting rational analysis during market sentiment swings is crucial, as it could be the key to discovering potential investment opportunities.