#ETH

ETH Market Analysis:

Ethereum is just one step away from its historical high! The previous high is already incredibly close to $4800, with less than 100 points away from the historical peak. Following the PPI data and the drop in Bitcoin, there has been a short-term pullback adjustment. So, after this adjustment, how far can we be from sprinting to a historical high?

This wave of movement is very strong, basically charging upward in one go. It is currently facing resistance at $4800, but I believe it won't be long before Ethereum can break through its historical high, igniting the altcoin explosion season!

Currently, the short-term support to watch is the low point of last night at $4450, as well as the EMA support range of $4420-4380. The short-term pressure above remains at $4800. As long as we break through here, then the historical high will be secured!