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Recently, the Ethereum market has performed remarkably, with a strong rise in price movement. After breaking through the important resistance level of 4350 USD, its price has not shown any significant pullback, but has instead surged forward, approaching the 4800 USD mark.
From the current market situation, as long as Ethereum can solidify above the key support level of $4600, it is expected that its price will consolidate in the range of $4600 to $4800. Subsequently, the market is likely to accumulate strength and launch a new round of attacks towards $5000 and even $5500.
It is worth noting that when the market is in a rising channel, investors should not easily predict the top. For traders holding short positions, it is advisable to close positions in a timely manner once some profits are gained, in order to avoid potential risks. In a market environment where the trend is clear, going with the trend is often wiser than going against it.
Although the price movement of Ethereum has been strong in the short term, investors should remain calm and rational, closely monitor market changes, and manage risks appropriately. The cryptocurrency market has always been highly volatile, so it is essential to be cautious when making investment decisions.