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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The latest market shows that the price of Ethereum has once again broken upwards, briefly touching a high of $4775. It then retraced to around $4750 and is currently consolidating within this range. The $4800 mark seems to have become an important psychological level and technical resistance level.
Market participants are generally focused on whether today's price can effectively break through this key level. If Ethereum successfully breaks through the strong resistance at 4800 dollars, it may open up further upward space. Some optimistic analyses suggest that after the breakthrough, it may directly challenge the 5000 dollar mark.
However, one must also be vigilant, as such a rapid increase may bring short-term correction risks. Investors should remain cautious when chasing prices and pay attention to potential profit-taking pressure. At the same time, it is important to closely monitor the overall trends of the cryptocurrency market and changes in the macroeconomic environment.
Regardless, the current trend of Ethereum is exciting. As the leader of smart contract platforms, its price performance somewhat reflects the development prospects of the entire industry. We will continue to pay attention to whether Ethereum can create new historical highs and inject new momentum into the entire crypto market.