The recent violent surge of Ethereum seems exhilarating, but it has actually absorbed most of the short positions at lower levels—further upward, the opposing positions are sparse, and the fuel for continued aggressive attacks is naturally in short supply. This weekend is highly likely to enter a consolidation range of 4700–4900, or even slightly retrace to find support;

However, the shorts were not deterred and, in just one night, they have densely placed short orders above 5000 dollars again. In other words, the previously exhausted 'fuel depot' has been filled up again at higher prices: the shorts view 5000 as a high-risk defense line and rush to short, which instead provides new prey for the bulls;

This weekend, short-term fuel has hit the bottom, combined with profit-taking, the market is likely to move sideways between 4700–4900, lacking the momentum for continuous surges;

Next week, the short positions above 5000 dollars have already been prepared, and if the main force has intentions, they can ignite and harvest at any time; adding to that the rearrangement of positions over the weekend, the probability of hitting 5000 will only increase!

It's not that it can't rise, but rather waiting for new ammunition. The weekend's fluctuations are a buildup of energy, not a stall. Keep a close eye on the accumulation of shorts at the 5000 mark; once it breaks through with volume, the subsequent space will truly open up.

Personal operation suggestion: Buy on a retracement to the 4660—4630 range, aiming for targets of 4800, 4900, 5000! $ETH #ETH创历史新高