ETH is trading sideways between 4700-4800, waiting for direction! A strong upward movement could push it to 5000, while a strong downward movement may test 4500. Keep a close eye on trading volume and price, don't be fooled by false signals. For short-term, try a light position to test the waters, while for the medium-term, wait for signals to appear before taking action.

Now, when you open the K-line chart for ETH, doesn’t it feel full of 'stuck' sensations? The recent surge is still fresh in mind—on Monday morning it started from 4200, with little retracement, reaching 4888 by Wednesday afternoon. In this explosive rise of 680 points, some entered long positions at 4300 and took profits at 4800, securing a 500 point profit and calling it ‘laying flat’; but just two days later, the market is stuck in the 4700-4800 range, and by the weekend, trading volume has halved, shifting the chat from 'charging to 5000' to 'waiting for direction' and 'small positions experimenting'.

But don't mistake consolidation for 'inability to rise'; this kind of fluctuation is actually quite healthy. It’s like climbing a mountain and needing to stop for a breath after sprinting up 200 meters—within this explosive rise of 680 points for ETH, there are many wanting to secure profits. Now, the consolidation around 4700 is essentially 'handing over positions': some are taking profits above 4800 while others are quietly accumulating near 4700. This process can wash out the shaky hands that 'panic at slight profits', leaving behind funds willing to hold long-term. If it can stabilize and not break down, it can instead build momentum, like a compressed spring, bouncing back with greater force, laying the foundation for a surge to 5000.