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The Ethereum market is currently attracting attention, and investors should closely follow the key level of $4623. If the price can stabilize at this level, it may maintain a rising trend in the short term. In this case, the next resistance levels may appear around $4705, $4736, and $4758.
However, if the price falls below $4623 and fails to rebound quickly, the market may enter a correction phase. At this time, the support levels that investors need to follow are around $4575, $4545, and $4507.
Ethereum's recent strong performance has sparked market expectations for it to break through its historical high, while also driving the pump of other mainstream cryptocurrencies. As Ethereum surpasses the $4600 mark, market sentiment is high, but investors still need to remain cautious and closely follow market trends.
In this volatile market environment, rational analysis and risk management are particularly important. Investors should make decisions based on their own risk tolerance and always follow market changes to adjust their strategies in a timely manner.