After last night's data release, many people have started to pay attention to whether $ETH can regain 4900.
But the reality is that many funds chasing high prices have already been trapped around the high level of 4900.
There are roughly two possibilities ahead:
① Volume breakout, reopening upward space
If there is a volume breakout above 4900 and it stabilizes, market sentiment will be further ignited, and ETH has the opportunity to challenge higher target levels.
② Blocked and retreat, entering a consolidation phase
If it cannot effectively break through for a long time, 4900 will become a short-term "trapped position concentration area", and funds may choose to take profits first, causing ETH to enter a sideways consolidation or even a slight pullback.
Overall, 4900 is a watershed; whether it can break through and stabilize will directly determine ETH's next rhythm.
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