$ETH Don't listen to Yongying Ge's random guesses. The short-term market has a high concentration of moving averages. If he's right, it's just a coin toss with a 50% win rate.

From the weekly and monthly charts, the bulls are under significant pressure.

Especially after yesterday's 15-minute 400-point movement, was it a last desperate kick of madness? Or is there a strong backing, rich enough to rival a country?

The next few days will reveal the truth. I'm not making any market predictions, just discussing possible judgments.

First possibility: a series of small bullish candles, attacking along the upper Bollinger Band of the daily line, slowly alleviating the pressure of the five-day cost retracement, completely opening up the upward attack scenario. In this situation, the promise of 5000 will surely be fulfilled, and Frog Brother's small stage antelope will be at risk.

Second possibility: a rapid return to the five-day and ten-day average costs, attacking along the five-day cost. This is relatively weak, and at critical points, it may evolve into a third pattern.

Third possibility: a significant retracement to the 4400 level. If the retracement momentum cannot be controlled, it will break down to the 4100 to 4200 level, which would be equivalent to forming a double top. This would be the worst-case scenario, with the bears, who have been suppressed for months, going into a frenzied state, venting their frustrations on Ethereum and the bulls.

Currently, the bears in the market actually face much less pressure than the bulls, and they can wait for the situation to clarify before taking action. On the other hand, the bulls have no choice but to continue burning money and pulling up prices. As for whether anyone will buy something that was $1300 six months ago when it rises to several thousand or even tens of thousands, that's simply not a concern for the bulls.