Can Ethereum reach a new high?

In this round of the bull market, the first and second cryptocurrencies may not reach new highs, but can we operate at this level of 4860? Actually, we can. There are a lot of orders placed at 4860; it definitely won't break through strongly. The question is whether it will slowly break through to a new high targeting 5k, or if this final push can be capitalized on. The plan is to set a stop loss of 100 points, but a 100-point stop loss is like falling at the feet of 5k. It’s better to add 100 points for the stop loss, making it a 200-point stop loss, with a take profit at 4100. $ETH #以太坊创历史新高倒计时

Finally, let's discuss the pros and cons.

Advantages of opening a position here: before a new high, strong resistance level, many short orders placed, and a good risk-reward ratio.

Disadvantages: shorting in a bull market, which is still favorable recently, with significant buying pressure.

Each should weigh their options.