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The market for Ethereum continues to strengthen, and there are currently no obvious top signals. From the overall trend, it is not far from creating a new historical high point. On the weekly chart, Ethereum has successfully broken through the horizontal resistance area, laying the foundation for further rises. After experiencing a short-term consolidation adjustment, Ethereum is likely to continue breaking upwards and create new price highs.
From a practical operational perspective, the current bullish position in Ethereum is established around 4661, with a target price of 4761. Investors need to closely monitor the support level at 41 points, which is a key defensive position. If it can firmly hold above this level, it will provide momentum for further rise.
It is worth noting that while there may be fluctuations in the short term, the long-term development prospects of Ethereum remain promising. With the continuous development of applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs), the value of the Ethereum network will be further realized. However, investors should also remain rational and manage risks appropriately, as the volatility of the cryptocurrency market is still high.