The Ethereum price trend has broken through, continuing to set new highs, just a step away from its historical peak. Subsequently, the trend has also faced resistance around 4788, leading to a pullback.

Fortunately, it did not drop below the 4400 line; the market did not further decline. If the price stabilizes around 4600, it will likely return to an upward trend.

It is recommended to go long near 4550, aiming for the upper level around 4700. If it breaks through and stabilizes, look for the 5000 mark.