Recently, the Ethereum market has experienced a period of intense fluctuation and is currently showing a steady rise trend. This price movement pattern is often interpreted as a signal that market participants are actively building positions.

At this stage, Ethereum seems to have found support around $4580. For investors who entered around $4520, it may be wise to retain some position and continue to watch for upward opportunities. Investors who have not yet built a position can consider gradually building a position during slight pullbacks.

From an operational perspective, investors who have built a position around the $4520 mark can focus on the key price levels of $4620 and $4650, and consider taking profits in batches in these areas.

For traders who prefer to grasp short-term market structures, it may be worth considering to Build a Position around $4550, with potential profit targets at $4620 and $4650.

It is worth noting that market trends are not determined by a single factor. For example, the latest U.S. Producer Price Index (PPI) for July was higher than expected, which may have a certain impact on the cryptocurrency market. Investors should take various macroeconomic factors into account when formulating trading strategies.

Regardless of the strategy adopted, it is essential to remain cautious and risk-aware in such a highly volatile cryptocurrency market. Each investment decision should be based on individual risk tolerance and market analysis.