Ethereum surged to around 4650, showing strong momentum, seemingly poised to break through the historical high towards the psychological level of 5000. However, historical experience indicates that such key levels are not easily breached.
The cryptocurrency market has limited themes, and large holders often take advantage of this to create volatility, preventing prices from easily passing through. The closer we get to previous highs, the more cautious we need to be. The logic of key level speculation: historical highs serve as psychological resistance, and short-term capital often takes profits in advance.
The 5000 round number carries more psychological pressure, and during the assault, volatility tends to increase, making false breakouts likely. The main players may choose the strategy of "false breakout - pullback - true breakout" rather than pulling straight through.
Points of focus: During the assault on key levels, trading volume usually increases. If the volume is insufficient, beware of the "high pullback" trap.
