ETH has started to show a volatile trend. Last Friday, ETH surged directly to a new high of 4888, but immediately followed by the weekend market. The market has been lacking liquidity these past two days, making the trend look less favorable.
Currently, ETH has been fluctuating around the 4800 mark for a day. It is expected that today’s trend will continue to move sideways. To break out of this trend, we may need to wait until 4 PM or tomorrow for directional movement.
If it stabilizes and continues to break through, ETH could really touch the 5000 mark. If next week starts off well, we will continue to be bullish. During pullbacks, pay attention to whether the 4730 mark will be broken.