Weekend Market Briefing: After ETH surged to 4816, will there be another wave?
Today, Ethereum suddenly gained momentum in the weekend market, reaching a high of 4816, completely igniting the sentiment after several days of sideways movement. But you need to be cautious—this is not a coincidence; it is the main force testing the waters.
From the rhythm:
First wave of increase: confirming that market sentiment is still there, and retail investors are willing to follow.
Quick drop: washing out the chasing high positions, allowing floating positions to come out.
Now hovering around 4750: this is building up strength, not the end.
Next, two possibilities:
Fast second surge: If the trading volume continues to increase in the evening, it will directly break through the previous high and push towards 4900+ or even higher.
Fluctuating and grinding: If trading volume is insufficient, it will oscillate back and forth in the 4700-4800 range, but this grinding is for the next explosion.
4700-4750 is a short-term support level; here, it is worth daring to buy low, with a stop loss set at 4650.
If it breaks through 4820 and stabilizes, follow the trend to look towards the 4900-4950 range.
Once it breaks through 4900 with increased volume, that will be the starting point for a new round of weekend frenzy, with profit potential fully opened.
The weekend market will not be boring; Ethereum's sudden surge is a prelude, and from tonight to tomorrow, there is a high probability of another more intense impact. Whether you can catch it depends on your willingness to go with the trend!
