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Ethereum (ETH) has recently performed well, moving towards the historical high of 4800 points. After a brief technical adjustment, ETH has shown strong rising momentum again, especially as it approaches the historical high, with a significant increase in Trading Volume.
Although there may be a slowdown in the rise when approaching the peak, investors need not worry excessively. This adjustment is often seen as a healthy technical correction rather than a fundamental shift in the trend. It is noteworthy that the phase lows of ETH are gradually rising from 4380 to 4480 to 4580, indicating that the upward structure remains intact.
From a technical perspective, the range of 4580-4480 will be an important support level, which includes the 10-day moving average as well as the recent low point line. On the upside, the range of 4780-4840 is the target area of interest for the market, and it is also where the historical high point is located.
For trading strategies, it is recommended that investors focus on low buy opportunities during pullbacks and avoid blindly chasing prices after a rapid short-term rise. At the same time, closely monitor market trends, especially changes in trading volume and price movements as they approach historical highs, as this will provide important clues for judging the future market direction.
Despite some potential fluctuations in the short term, the overall trend shows that Ethereum's rise remains strong. However, investors should also be vigilant about possible risks, maintaining a rational investment attitude and ensuring proper risk management. As the cryptocurrency market continues to develop, Ethereum, as the leader in smart contract platforms, has a promising future performance to look forward to.