This surge in ETH may seem exhilarating, but it has quietly 'cleared out the ammunition'—most of the short liquidity above the new highs has been wiped out, and with the lack of 'counterparty liquidity' in the short term, there is clearly insufficient fuel for continued rallies. Therefore, it is highly probable that the weekend will enter a phase of oscillation and adjustment, making it difficult to surge like before.
Interestingly, the bears have not been scared off; instead, they have re-accumulated new short liquidity above the $5000 range in just one night. What does this mean? The 'fuel' that was originally consumed has been piled up again at a higher level—bears see $5000 as a 'high-risk zone,' and many are placing short orders here, providing new 'assault targets' for the subsequent market.
So the upcoming rhythm is very clear:
Weekend: Short-term fuel is insufficient, coupled with the need for the market to digest the profits from this surge, it is highly likely to oscillate in the $4700-$4900 range, with no sustained rally, and it may even slightly retrace to test support.
Next week: The short liquidity above $5000 has already piled up. As long as the main players want to take action, there will be enough 'counterparty liquidity' to harvest, and after the weekend's oscillation and consolidation, funds can regroup, making the probability of touching $5000 only higher.
In simple terms, ETH is not 'unable to rise' right now, but rather 'waiting for new fuel to be in place.' The weekend's adjustment is aimed at a more stable assault on $5000 next week. There’s no need to panic just because there hasn’t been a rally in the short term; focus on the short movements around $5000, and once a breakout occurs with increased volume, the subsequent space can open up. Feel free to share your thoughts in the comments.#以太坊生态山寨币普涨
