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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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Ethereum (ETH) has performed exceptionally well recently, successfully breaking through the key price level of $4000, which signifies that the crypto assets market may be entering a new rise cycle. Analysis shows that the selling pressure above the current price has significantly decreased, creating favorable conditions for further pump.
Market observers point out that if ETH can break through $4800—the historical high set in November 2021—it may trigger a strong pump. This breakout not only has technical significance but could also psychologically boost investor confidence, potentially sparking a new wave of investment enthusiasm.
It is worth noting that the four-year cycle theory of the crypto assets market has attracted attention once again. Many investors believe that the current market is at the beginning of a new bull market. However, investors should also keep in mind that the crypto assets market is highly volatile and investment risks are high.
For investors looking to participate in this potential bull market, there may be a rapid rise in the market in the short term. In this situation, some investors may choose more aggressive strategies, but it is important to make informed decisions based on individual risk tolerance and investment goals.
Regardless of the market direction, investors should remain calm, manage risks effectively, and avoid being swayed by short-term market sentiments. At the same time, it is also crucial to keep an eye on market dynamics, technological developments, and changes in the regulatory environment.