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.
ETH-2.71%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
degenwhisperervip
· 14h ago
Fifty thousand dollars in the future
View OriginalReply0
CountdownToBrokevip
· 15h ago
Cut Loss Close Position Say Goodbye to the Market
View OriginalReply0
DegenGamblervip
· 15h ago
Just shove it in and it's done.
View OriginalReply0
¯\_(ツ)_/¯vip
· 15h ago
Still waiting for a pullback to build a position.
View OriginalReply0
ProxyCollectorvip
· 15h ago
Five k is no longer a dream.
View OriginalReply0
CryptoTarotReadervip
· 15h ago
Maintain the rising momentum
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)