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The Ethereum market has been active recently, with prices rising to around $4785 during the early hours. Currently, the market focus is on the key level of $4740. If the price can hold at this level, the longer will continue to have the advantage, and the subsequent resistance levels that may be challenged include $4784, $4810, $4845, and $4878.
However, investors should also be cautious of potential pullback risks. If the price breaks below the 4740 USD support, a correction may occur in the short term. In this case, the important support levels below are located around 4705, 4660, and 4615 USD.
Currently, Ethereum's trend has attracted widespread attention in the market. Many analysts believe that if it can break through the current range, creating a historic new high may be just around the corner. However, some opinions remind investors to be aware of risks and suggest maintaining caution when making investment decisions, closely monitoring market movements and changes in key price levels.
Overall, the Ethereum market is at a critical moment, containing opportunities for upward breakthroughs while also facing the risk of corrections. Investors need to remain vigilant, manage risks effectively, and pay attention to broader market factors, such as the overall trends in the cryptocurrency market and changes in the regulatory environment, in order to better seize investment opportunities.