#打榜优质内容#

4700 is just a scenery, where is the next peak of ETH?

ETH has dropped from 4300 to 4700, as if it is climbing over one peak after another. Each breakthrough is accompanied by an influx of capital and a flurry of activity on Twitter. However, a bull market is not just a straight sprint; it is more like mountain climbing: the higher you go, the thinner the oxygen becomes, and the greater the risks.

Multi-Point Strategy Analysis:
* First support: 4620—4650, break below looks to the 4500 defense line.
* Strong support: 4500—4520, holding this level is essential to maintain the upward trend.
* Mid-term bottom line: 4300, break requires cautious observation.
* Upper resistance: 4850—5000, a breakthrough is needed for a chance to challenge 5200.

The fundamentals remain healthy: Ethereum's fee income has increased, on-chain activity remains high, and DeFi funds are flowing back in, all of which bolster bullish sentiment. However, the selling pressure above 4700 in the short term should not be underestimated, especially when BTC is consolidating or slightly retracing, as ETH is likely to follow suit.

Strategy suggestion: Value investors should hold, short-term investors should maintain a stop loss at 4620, and if it breaks through 4800, they can increase their position to aim for 5000; aggressive investors can take a small position with a target of 5200.

But don't forget - most of the graves in a bull market belong to those who died chasing highs.