Hello everyone, today let's talk about the latest market situation of ETH. On the early morning of August 23rd, ETH really made a splash—reaching a high of $4888, directly breaking the historical high of 2021, with an increase of over 14% in 24 hours. This surge is indeed eye-catching, and many friends might be quite excited, but amidst the excitement, we also need to look at the details of the market. From a technical perspective, the long upper shadow on the 4-hour chart is quite noticeable, indicating that there is significant short-term selling pressure around $4880, so we might need to be cautious of a potential pullback. The daily chart, however, looks quite positive, with a V-shaped reversal pattern and the MACD showing a bullish crossover after a divergence, signaling a bullish outlook; however, the RSI has already climbed above 70, indicating an overbought condition, and the volume seems to be lagging behind, like being out of breath while running, so we need to pay attention to whether the pace will slow down. Risks also need to be mentioned: first, the overbought RSI combined with insufficient volume, if we accidentally break below $4400, we might need to look for support around $4100-4160; second, there are $950 million worth of ETH options expiring today, with the maximum pain point at $4250, short-term volatility might be larger; third, we also need to pay attention to related news from Federal Reserve officials, to avoid unexpected emotions disrupting the rhythm. In terms of operations, Brother Chen suggests shorting around $4750-4780, targeting $4700-4580, and also setting a stop-loss. In fact, even if the market is good, we need to be cautious, as the cryptocurrency market is volatile, and with more caution comes more stability.