It's an ETH bull market for one person. I mentioned yesterday when distributing ETH that we should be cautious about shorting ETH right now; if it retraces, it could be an opportunity to go long.
The level of 4730 was retraced yesterday, and if we follow up and go long, ETH has reached a new high. Now at 4957, isn't that close to 5000? The next surge could break the 5000 mark.
After hitting the new high, ETH also experienced a deep retracement around 4660. The current price has settled at 4760. For now, we should focus on ETH breaking above the hourly middle band, then we can continue to look towards the 5000 level. If it retraces, we should pay attention to the vicinity of 4700.