Early this morning, the Ethereum market once again demonstrated its high volatility. Last night's market trend was indeed unexpected, even experienced traders found it hard to cope.

Currently, the price of Ethereum has risen to around 4785 USD, only less than 100 USD away from the previous bull market's peak of 4870 USD. This phenomenon once again confirms the characteristics of the cryptocurrency market: during bull markets, a batch of investors is often eliminated, while bear markets nurture new participants for future growth.

For the recent trading strategy, it is recommended to pay attention to the pullback opportunities in the range of 4740-4750 USD. If choosing to build a position in this range, it is advisable to set a stop loss of 50 points to control risk. If the market continues to improve, the target price can be set around 4800 USD.

However, it is worth noting that the cryptocurrency market is ever-changing, with high risks and high rewards coexisting. Investors should fully consider their risk tolerance and conduct thorough market analysis before making any decisions. In addition, diversifying investments, setting stop-loss orders, and maintaining a rational investment mindset are all important means to protect oneself in this complex and volatile market.

Whether you are an experienced trader or a novice investor, the ability to continuously learn and adapt to market changes is crucial in this fast-paced cryptocurrency world. Let us look forward to the future development of Ethereum, while also staying vigilant and responding cautiously to every fluctuation in the market.