ETH Technical Analysis: Targeting 4800, Caution Advised for Short-term Pullbacks

Breaking Through Milestones and Volume Characteristics

This Monday, the goal of 'Challenging 4800 Points' has been achieved. After consolidating at the 4150 level for two days, ETH has surged significantly with increased volume for two consecutive days, just a step away from the historical high. The technical outlook shows:

Support and Action Plan

The bullish view remains unchanged, but key defensive levels need to be locked in:

Intraday Support: 4720 (MA5 Daily Average) and 4640 (Recent Rally Platform), a pullback to this range can be considered for long positions;

Pressure Targets: 4800 (Near Historical High) and 4850, breaking through these levels would open up new upward space.

The strong support range is at 4600-4570; if this level is lost, caution is advised for a potential phase adjustment.