Recently, Ethereum has experienced a round of pullback, and many people are starting to predict that the price will return to 3000, 2000, or even lower, believing that the market has peaked. However, looking back at history, ETH once reached a new high near 4788, which is less than 2% away from the all-time high.
For the past four years, the main capital's layout has clearly not just been for short-term relief, but rather to prepare for higher goals. Currently, there are no significant locked positions above the market, which indicates that there is still room for price upward movement.
The current pullback is more of a technical washout before the new high, aimed at clearing floating positions and reducing resistance during subsequent rises. Ethereum still has the potential to break through its historical high, and current spot holders should remain patient and avoid making excessive reactions due to short-term fluctuations.
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