Ethereum is on fire! Everyone is discussing: will it surge to 5000, or will it pull back to 3000?

Actually, as early as August 1st, I posted that a pullback in a bull market is a good opportunity to enter, and at that time I suggested everyone to get in — ETH was averaging 3580 then, and looking back now, those who held on have already made a hefty profit of 600 points! I wonder how many people jumped in?

Looking at Ethereum's next direction: yesterday, BlackRock bought another 255 million dollars' worth of ETH ETFs, bringing the total to 461 million dollars. At this pace, we should see at least a surge this weekend. However, from the data, if Ethereum pulls back to 3700, there will be 1.6 billion in long positions that could be liquidated, so a pullback is definitely possible; the key is whether there will be a trend change tomorrow afternoon — if there is a trend change, the bulls need to be cautious.

In recent years, Ethereum often follows a pullback route after breaking 4100, but this time the ETF inflows are still ongoing. Could it be headed for a new historical high? Currently, the greed index is at 68, and as long as there is another positive news, the possibility of Ethereum hitting a new high is quite large.

However, the chairman has always taken a steady approach; the previous target of 4000 has been reached, so those who have been following my operations can start to take profits gradually. Advanced players should at least withdraw their principal and leave the profits to play with. If there is no trend change on Sunday and the ETF continues to flow in on Monday, I will consider continuing to chase long positions, but it depends on the news on Sunday.

For now, those following me should gradually take profits and just keep an eye on the chairman — there will be good opportunities and great airdrop projects to dive into together later!