🚀 Recently, everyone has been focusing on the key level of $ETH:

Approximately $4,500, which is the +1σ active trading average

This line is not drawn randomly:

✅ In the bull market of 2020-21, this was precisely the dividing line between rationality and euphoria

✅ In March of this year, it also surged to this point and got pushed down, followed by a pullback

Now it’s once again approaching this line, and market sentiment is clearly agitated:

If it can break through smoothly

The chips accumulated from March until now may be ignited

More funds may enter following the sentiment → Short-term frenzy, increased volume

At the same time, it could also bring greater volatility, overbought conditions, and false breakout risks

If it gets blocked again

It may not be a bad thing:

A period of consolidation or pullback may occur, allowing the market to calm down and digest the gains

This could actually be healthier for the long-term structure

Ultimately, this $4,500 feels more like the market's emotional switch:

✅ Break it → The market enters the frenzy zone, FOMO sentiment accelerates

✅ Don't break it → The market remains temporarily calm, but accumulates greater explosive power

Personal opinion:

Rather than shouting every day about how much $ETH will go up

It’s more reliable to focus on these critical positions and changes in fund sentiment

After all, the market never moves up in a straight line

The structural risks and emotional fluctuations in between are the real keys that influence the trend 🧐