After ETH retested 4220, a bottom structure emerged at the 4-hour level, followed by a significant increase in volume along with the market.
Short-term capital bottom-fishing is clearly more favorable for ETH, and even briefly surpassed BTC in market capitalization, ultimately setting a historical high after hours in the US stock market. It also completed a breakout action to reclaim the previous high point.
From the extent of the pullback, it remains relatively strong, with no obvious capital outflow. The subsequent direction is still primarily low buying during pullbacks.
Upper Pressure: 4888/5030/5200
Lower Support: 4693/4572/4470
