ETH Technical Analysis: Targeting Historical High of 4800, High-Position Adjustment is Normal Rhythm

Continuation of Main Uptrend and Risk Warning

The target of 'ETH challenging 4800 points' mentioned this Monday is now within reach. After a slight adjustment over the past two days to repair the technical indicators, it has regained a healthy upward momentum. As it approaches the historical high, there was a significant increase in volume yesterday, suggesting a short-term 'slowed increase' state, but there is no need to panic:

The nature of the adjustment is clear: adjustments after significant increases are often technical corrections rather than trend reversals, and a major drop will inevitably go through a high-position distribution phase (which requires time to digest); the lows are continuously rising: the 4-hour chart shows a large bullish candle during the US trading session, with the stage low gradually moving from 4380→4480→4580, and the upward structure remains intact.

Intraday Support and Targets

Key support area to watch below is 4580-4480 (MA10 daily moving average + recent low point connection), with the upward target aiming directly at 4780-4840 (near historical highs). The strategy is to focus on accumulating on dips, avoiding chasing short-term rapid gains.