Is ETH About to Experience a Significant Pullback?

In recent days, if you were to ask who is the most attractive figure in the cryptocurrency world, it would certainly be ETH. Previously criticized by many, ETH has recently surged as if energized, breaking through the resistance level of 4000 and reaching as high as 4300, with just a few percentage points away from its historical high of 4800.

It is precisely because ETH has risen so rapidly that many believe it will certainly need a significant pullback to sustain its momentum; however, I do not share this view.

Firstly, 4800 is not a significant resistance level for ETH, and it is even weaker than the 4000 resistance. The reason many people focus on 4800 is mainly due to psychological pressure.

Secondly, ETH has already undergone one pullback, so it is unlikely to experience a significant pullback again, especially since the market makers have invested real money to drive it up.

Finally, we are currently in the mid-stage of a bull market, which is precisely when ETH is expected to gain momentum.

Therefore, even if ETH does experience a pullback, it can only be a minor one, and there is no need to be overly concerned. $BTC $ETH #ETH走势分析