The showdown between bulls and bears in Ethereum is imminent! Is $4600 the launchpad for the bull market? Exclusive analysis by Dasheng: If it breaks, it will definitely surge to $5000!

【Main Content】

The market is brewing a significant turning point! Although Ethereum shows a bearish trend in the short term, on-chain data reveals key signals: if it effectively breaks the $4600 resistance level, it is very likely to initiate an accelerated rally towards $5000. This is not only a technical breakthrough but also an inevitable result of the battle between bulls and bears!

The core logic lies in the extreme polarization of the market:

Institutional short positions have risen to a three-month high, while retail leveraged long positions continue to pour in. History is always strikingly similar—before ETH broke $2600 in January 2024, an identical position structure appeared, followed by a 28% surge within eight days. The script of capital games has never changed!

But do not be blindly optimistic! Three major risks must be heeded:

1. Whale pressure: There is significant selling pressure in the $4600-$4650 range, with a probability of false breakout exceeding 40%;

2. Macro sniping: Tomorrow's Federal Reserve decision may trigger a market-wide pullback;

3. Capital drain: A solitary rise in ETH may lead to a collective loss for altcoins.

Ultimate operational strategy:

Breakout traders: Strictly set up long positions upon breaking $4620, with a stop loss at $4520 and a target of $4850-$5000 for staggered profit-taking;

Conservative investors: Wait for a pullback to the $4380-$4420 support area to build positions in batches;

Long-term believers: Focus on the value of the ETH2.0 upgrade, ignoring short-term fluctuations.

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