Now this position of ETH really needs to be closely monitored — previously it surged from 4200 to 4888 in one go, gaining 680 points, and this level of explosive growth carries a sense of 'emotional exhaustion'. Now it has pulled back to the 4700-4800 range and is consolidating, coinciding with the weekend, the trading volume naturally shrinks, and many people are either waiting to see the direction or trying small positions, making it difficult for the market to surge as it did before.

But don't think that consolidation means 'no more growth'; instead, this kind of fluctuation is particularly healthy: after a sharp rise, it’s impossible to directly surge again, the market needs to complete 'profit digestion' around 4700 — some have made 680 points and want to cash out, while others see the pullback as an opportunity to enter. This kind of 'hand-over' can wash out the indecisive chips. If it can stabilize in this range without breaking down, it can build new strength for the next push towards 5000.

Next, we need to focus on two key signals that directly determine the subsequent direction:

Strong consolidation signal: If the trading volume continues to shrink during the consolidation, but the price remains steady above 4700 (not breaking below the short-term support at 4680), it indicates that selling pressure is weak, which is 'the main force deliberately pressing down to accumulate', belonging to strong consolidation. After the weekend, there is a high probability of another push towards 4888 or even touching 5000; break risk signal: if there is a sudden increase in volume and a direct drop below 4700, or even down to below 4650 within half an hour, then be wary of 'emotional reversal', as it might further decline towards 4500 (the upper edge of the previous consolidation platform); at that time, risk avoidance must be prioritized.

The corresponding strategy is also very clear, divided into short-term and mid-term actions:

Short-term operation: Just play lightly, don't heavily bet. If it pulls back to the 4700-4720 range, if it stabilizes, then buy in small positions. Set a stop loss at 4680 (if it breaks, acknowledge the loss and exit); if it rebounds above 4850 without volume, you can also try shorting with a small position to earn some fluctuation difference, but don't be greedy over the weekend; Mid-term layout: The safest strategy is to wait for the consolidation to end, whether it breaks through 4888 with volume or falls below 4700 to find new support, wait for the market to clearly indicate the direction before following — don't guess the tops and bottoms on your own, it's much more reliable to follow the main funds.

Lastly, a reminder: weekend markets are prone to consolidation, with poor liquidity and volatility that can vary greatly, so don't expect to make a big profit in one go. The most critical thing now is not to get caught up in 'bull or bear', but to closely monitor the 4700 dividing point, hold on to your bullets, and wait for the next clear trend signal to appear before taking action.