The big one is coming, will Ethereum surge to 8000 this round? Those who are optimistic about Ethereum shouldn't miss this article!

Good evening, brothers! Sister Rong is here to chat with you about ETH, the powerhouse!

Currently, $ETH is hovering at 4636, retreating from the previous high of 4794, and the short-term upward momentum is weakening. 4700 serves as strong resistance, with the 4650-4700 range being a key pressure zone, breaking through the previous new high.

The technicals are weak, with MACD divergence at the top and RSI at 53-63, indicating a tug-of-war between bulls and bears. The trading volume is 518k, below the 5-day and 10-day moving average lines, with insufficient willingness from funds to follow in, lacking breakthrough momentum. The short-term outlook is weak and volatile, so beware of a pullback. Support is seen at 4600, and 4550-4500; resistance is at 4650-4700, difficult to rise without stabilizing above.

In terms of operation, avoid chasing highs near 4650 as the risk-reward ratio is low; short-term long positions should have stop losses below 4580/4550, enter and exit quickly; aggressive traders can try shorting near 4650, with stop loss above 4680, targeting 4600/4550; when the direction is unclear, observe and wait for a breakthrough at 4700 or a drop below 4500 to follow up.

I am preparing and listing some suitable coins for bottom fishing as part of a plan to double our investments; it's better to face challenges together rather than going solo, for those who understand. (Serious inquiries only)