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The Ethereum market has recently shown a steady and continuous rise trend. Although the increase is not particularly rapid, its resilience is noteworthy. This firm upward momentum can still be maintained even after brief adjustments, highlighting the market's confidence in Ethereum.
It is worth noting that after each price pullback, the previous highs often turn into strong support levels, a phenomenon that further solidifies the sustainability of the rising trend. During the weekend, the market only experienced minor pullbacks, strongly confirming that the current upward momentum is well-founded.
From a technical perspective, the range of 4190 to 4230 may become a potential buying opportunity. If this range can be effectively broken, the price is expected to challenge the level of 4380, and may even develop towards higher positions.
However, investors still need to be cautious and closely monitor market changes. The cryptocurrency market has always been highly volatile, and any significant event could lead to a sharp downturn in prices. Therefore, when making investment decisions, one should fully consider their own risk tolerance and reasonably allocate assets.
Overall, the current trend of Ethereum is encouraging, but investors need to remain rational. While seizing opportunities, they should also prepare for unforeseen circumstances and manage risks effectively.