Ether weekend back up to 4800, indicating that bullish momentum is still present, but at the same time, this level has already become a previous high resistance zone.
Bullish logic: As long as ETH stays above the 4750—4800 range, there is a probability of continuing to challenge 4900 tonight, or even testing 5000. The key point is to break through with volume, not just a spike.
Bearish logic: If the volume is insufficient tonight, ETH may oscillate repeatedly between 4800—4900, creating a false bullish signal to shake out traders.
My estimation:
If ETH breaks through 4850 with volume, then the possibility of heading straight for 5000 tonight is high.
Short-term bullish: As long as it holds the 4750 support, a small position can be taken to go long, targeting the 4900–4950 area;
Conservative approach: Wait for confirmation of breaking through 4850 before chasing, target 5000;
Risk control: Set stop-loss further away; if it breaks below 4700, stop-loss must be executed in a timely manner.
