#以太 Market Analysis!
$ETH Can it break the historical high this week?
The historical high point of ETH at 4877 from four years ago has always been the market's "ceiling." Countless people have been stuck at this level, staring at the K-line for years. Now the price is approaching 4682, just a step away from this epic peak.
From the trend perspective, after two consecutive weeks of increasing volume, ETH's movement remains steady with no obvious selling pressure signals. Although there has been slight fluctuation in the past two days, the pullback has been limited, indicating that the bearish force is not strong enough, and the market is still under the control of bulls.
On the fundamental side, last night's CPI data was below expectations, further heating market expectations for a rate cut in September. A rate cut means an improvement in the liquidity environment, which is positive for risk assets like ETH. Additionally, the U.S. policy allowing pension funds to allocate to cryptocurrencies is also providing strong support for ETH's medium to long-term prices.
In the short term, it is important to note that historical highs often trigger emotional speculation—breaking through requires strong capital support; otherwise, it is easy to form a false breakout and then retreat. Especially after the market has risen continuously, some short-term funds may choose to realize profits near previous highs.
Strategy for this week:
If there is a strong volume breakout above 4877 and it stabilizes above, ETH is expected to start a new round of accelerated rise, with psychological resistance pointing directly to the 5000 level.
If it fails to reach a new high and shows increased selling, it may retest the 4400-4500 range to find support.
From a medium to long-term perspective, the bullish trend has not been broken, and pullbacks still present opportunities for positioning.
This is not an ordinary resistance level; it is a historical threshold waited for four years. Once broken, ETH will truly enter a new price range.
