In the past week, Ethereum (ETH) experienced a slight pullback after challenging its all-time high again, but the support around $4660 effectively stabilized the price. As the new trading week begins, the market shows signs of a rebound, and ETH is likely to break the $5000 mark this week.



Bitcoin (BTC) is also not to be outdone, quickly rising from around $11,000 to nearly $117,000. However, the market's focus seems to be more on Ethereum, as can be seen from the profit screenshots shared by investors. BTC currently has a small support around $114,500, while $111,000 is a stronger support level.

Despite Ethereum reaching new highs, this round of increases does not seem to benefit the entire cryptocurrency market. Most altcoins have not followed the rise, and many investors are merely seeing their investments return to previous average positions. For those investors who were trapped earlier, they now face a difficult choice: whether to continue holding and wait for prices to return to the cost line, or to take profits at the current position to guard against a subsequent pullback.

When the market approaches resistance levels, investors are advised to consider moderately reducing their positions, regardless of whether they have reached their personal cost price. The market cannot rise indefinitely, and after reducing positions, they can usually buy back at a more favorable price, thereby lowering their average cost.

As Bitcoin, Ethereum, and BNB all break their historical highs, investors can turn their attention to Solana (SOL) and its ecosystem. For example, Raydium (RAY) has already attracted some investors around the $3.2 mark, while after a surge in API3, Pyth Network (PYTH), which was previously positioned around $0.11, is also beginning to show profit potential.

A new trading week is about to begin, wishing all investors good returns and a positive mindset in this opportunity-filled market. Remember, in the cryptocurrency market, opportunities and risks coexist, and rational investment is crucial.
ETH-4.57%
BTC-1.63%
BNB-2.58%
SOL-7.41%
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ZenMinervip
· 08-24 16:50
In the crypto world, a day is like a year in the human world.
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quietly_stakingvip
· 08-24 16:49
The best time to enter a position is here!
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DiamondHandsvip
· 08-24 16:49
Cut Loss, Floor Price here we go.
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ValidatorVibesvip
· 08-24 16:46
governance is where the real alpha is... eth stakers know what's up
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OnchainSnipervip
· 08-24 16:25
The end of the universe is financial freedom.
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