The recent trend of the concubine has shown a strong upward momentum, and after refreshing the new high in the phase, it is now close to the historical peak. However, after encountering resistance near 4788, the market entered a brief correction period.

It is worth noting that during the correction process, the bullish support has remained solid, with the key level of 4400 never being breached, preventing the market from extending into a deeper adjustment range. From the current structure, if the price can stabilize at the 4600 level, the previous upward trend is expected to continue.

In terms of operations, one might consider placing long positions near 4550, with a short-term target looking towards the 4700 line. If it can break through and stabilize at that position, we can further look towards the 5000 level of resistance #ETH .