$ETH broke through 4420 and headed straight for the price of 4628 at 5 AM, peaking at 4640. This is the last line of resistance above.

Currently, $ETH is only 9% away from the high of 4848 in November 21. The higher we go, the more resistance to rising we will encounter. Besides those shorting, there will also be selling chips.

The current position is a gamble. On the left, it bets that it cannot rise further and starts to pull back. The ETF inflow yesterday was not very high, but the upward movement was stronger than the previous two days. It is estimated that it is seizing short positions. If the market continues to push up like this, there will eventually be a day of collapse. We do not know when this day will occur.

I suggest watching more and acting less at this position. The recent fluctuations are very strong, with upward moves starting at 100 dollars. The sentiment has not yet decreased, so it is advisable to focus on low buys, with minor support at 4560$ETH .