Now, this position of ETH really needs to be closely monitored — it previously surged from 4200 to 4888, gaining 680 points in one breath, and this level of explosive rise itself carries a sense of 'emotional overextension.' Now, with a pullback to the 4700-4800 range, coinciding with the weekend, trading volume naturally shrinks. Many people are either waiting to see the direction or trying small positions to test the waters, making it hard for the market to surge as fiercely as before.
But don't think that a sideways market means it's 'unable to rise.' In fact, this kind of fluctuation is particularly healthy: after a sharp rise, it’s impossible to surge directly again; the market needs to complete 'profit digestion' around 4700 — some people have made 680 points and want to cash out, while others see a pullback as an opportunity to enter. This kind of 'hand change' can wash out the shaky chips. If it can stabilize in this range without breaking down, it can instead form new energy for the next wave to break 5000.
Next, the key is to watch two signals that will directly determine the subsequent direction:
Strong consolidation signal: If the trading volume continues to shrink during the sideways movement, but the price remains steady above 4700 (not breaking below 4680, the short-term support level), it indicates that the selling pressure is very weak, and it's 'the main force intentionally pressing the plate to absorb chips,' which belongs to strong consolidation. After the weekend, it is likely to surge again to 4888 or even touch 5000; Breaking risk signal: If there is suddenly a large volume drop, directly falling below 4700, or even crashing below 4650 within half an hour, then one should be cautious of 'emotional reversal,' and it may further probe down to 4500 (the upper edge of the previous consolidation platform). At that time, one must avoid risks.
The corresponding strategy is also very clear, divided into short-term and medium-term operations:
Short-term operation: Just use a light position to speculate, don’t heavily bet. If it pulls back to the 4700-4720 range and stabilizes, then take a small position to buy low, with a stop loss set at 4680 (if it breaks, accept the loss and exit); if it rebounds above 4850 without volume, you can also try a small position to short, making a bit of profit on the price fluctuation, but don’t be greedy over the weekend; Medium-term layout: The safest approach is to wait for the sideways movement to end, whether it breaks through 4888 with volume or finds new support after breaking 4700. Wait for the market to clearly give a direction before following — don’t guess tops and bottoms yourself; it's much more reliable to follow the main funds than to 'gamble on direction.'
Finally, a reminder: Weekend markets are prone to fluctuations, with poor liquidity and volatility that can be erratic. Don’t expect to make a big haul in one go. The most crucial thing now is not to get tangled up in 'bullish or bearish,' but to keep an eye on the 4700 dividing line, hold onto your bullets, and wait for the next clear trend signal to appear before taking action.
Feel free to share your thoughts in the comments.#ETH创历史新高
