The Ethereum market has recently shown strong upward momentum, with prices soaring from $4717.68 to $4957.67 last night. This surge is mainly attributed to a positive shift in market sentiment. Once the psychological barrier of $4800 was broken, a large amount of capital quickly flowed in, especially near local support levels, further driving the price upward.

However, the market found support again around $4667 this morning and began to rebound. From a daily perspective, the price of Ethereum has been oscillating within the range of $4800-$4950 for the past three days. Although there is still pressure above, the market has shown strong stability near the support level in the short term, and the rebound momentum has strengthened.

Currently, the market may continue to maintain a consolidation trend, with the breakthrough at $4800 becoming key. If this range is successfully broken, the market may extend its pump trend; however, if it is pressured again, it may retreat to the support level, requiring a reassessment of market strength.

For investors, a cautious strategy can be adopted at present, maintaining a light position while waiting for a breakout signal. If the price retraces to the support level, small-scale positioning near the support level can be considered in the short term. This approach carries relatively low risk and also leaves room for waiting for a clearer market direction.

Overall, the Ethereum market is at a critical decision point. Investors need to closely monitor the performance around the $4800 level while also being wary of potential retracement risks. In this highly uncertain market environment, maintaining a flexible investment strategy and moderate risk control is particularly important.