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Ethereum (ETH) has shown strong performance recently, and the market trend is eye-catching. From a technical perspective, there are no obvious dump signals on the daily chart; instead, it has been continuously pumped in the form of higher trade volumes. This situation indicates that the upward momentum may continue in the short term.
Referring to the previous rise patterns of Bitcoin, the target range for this round of Ether pump may fall between 4500 and 4800 USD. Even if a pullback occurs, the support level may not drop below 4000 USD, which corresponds to Bitcoin's level of 110,000 USD.
It is worth noting that the current main market funds seem to be fully driving Ether pump. This funding push may bring higher than expected peaks, and the possibility of breaking through $4800 cannot be ruled out. However, how high it can rise still requires close attention to the overall market sentiment and capital flow.
In this wave of pump, investors should remain rational and manage risks effectively. Although bullish sentiment is strong in the short term, the cryptocurrency market has always been highly volatile, and a sharp correction cannot be ruled out. For investors who intend to participate, it is recommended to set stop-loss levels and constantly monitor market changes.