Last night's market was so exciting! Ethereum almost touched $5000, but was slammed down by a big bearish candlestick, and now it's hovering around $4600 again. In just half a day, it fluctuated almost 8%, that's quite a swing! Bitcoin couldn't hold either, dropping from $115000 to $110680, over $4000 just vanished, which is a rather rare decline for Bitcoin.

It's clear that both bulls and bears are fiercely competing at the $5000 level. With ETH's recent momentum, if it manages to stabilize above $5000, the following surge will undoubtedly be even crazier.

Interestingly, this wave of price increase isn't driven by any big Wall Street institutions, but rather by money from within the crypto circle itself. The massive bullish candlestick from $4200 to $4800 a couple of days ago clearly shows the tactics of seasoned traders. More importantly, some major Bitcoin holders have started reallocating their funds to buy ETH!

What does this indicate? Even the shrewdest Bitcoin holders believe that ETH can break through $5000! If the bull market is still on, ETH's potential for growth might indeed be greater than BTC's.

Before the drop, some voices suddenly emerged saying that the market is nearing its end. I agree with this half-heartedly—I personally see ETH reaching $8000-10000, so if it really breaks $5000, I will consider gradually reducing my position. But is it too early to call a full bearish outlook now? I think it is.

My plan is still to wait for a breakthrough at $5000. If it really goes up, I will consider taking profits in batches. If there’s still big gains to be had later, it would be a pity to miss out now.

In terms of market movement, I initially thought we could surge directly in the early morning, but unexpectedly, Bitcoin also collapsed. Now ETH has dropped back below $4600, returning to the previous fluctuation range, indicating that the bulls and bears will continue to battle. However, with such large fluctuations, a direction will definitely emerge within this week.

Regardless, the next few days will surely be turbulent. Don't touch contracts, just hold on to your spot positions. The key moment at $5000 won't be easily given up by the main players.

If you're unsure about the specific points to watch, you can follow me. I'll provide real-time updates 24/7 for friends who have followed me. Keep an eye on my profile, click on my avatar to follow me, and you won't miss out on any first-hand information during the bull market! Let's witness it together! #ETH创历史新高 #美联储降息预期 #国产概念币集体爆发 #比特币远古巨鲸持续出清 #以太坊生态山寨币普涨