First, observe the exchange rate pair, which continues to be strong and is expected to bring a strong upward trend.

Weekend ETH fluctuated in a narrow range, relatively weak compared to Bitcoin.
Institutional spot holdings continue to increase, with no obvious short-term selling pressure.
ETH is temporarily consolidating instead of falling, with small-level pullbacks continuing to create high-level convergence. There is no obvious increase in long or short positions. After quickly reclaiming the previous high, it still maintains a certain strength at high levels.
The thinking still focuses on buying on dips, with attention on the major support and resistance levels at 4628/4570 during the pullback.

Upper Pressure: 4888/5030/5200
Lower Support: 4693/4572/4470
#ETH