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The cryptocurrency market is at a critical moment, with Ethereum currently fluctuating between $4100 and $4200. The overall trend in August has shown an upward movement, but the current position may be nearing the end of this bull run.
From a technical perspective, Ethereum has rebounded from its previous decline and is likely to attempt to break through the 4800 USD level. If it successfully sets a new historical high, it will bring a strong emotional boost to the entire encryption currency market, especially having a more significant impact on small-cap tokens.
In such a market environment, investors can moderately focus on some small-cap tokens with greater potential. However, it is essential to keep in mind that in the later stages of a bull run, many small coins may take advantage of the upward momentum from Ethereum to complete their exit. Investors must remain vigilant and manage their risks appropriately.
Overall, the current market presents both opportunities and risks. Investors should remain vigilant about market risks while paying attention to potential opportunities, and maintain a rational investment attitude.