Last night, the market enthusiasm escalated again, with Ethereum directly breaking through its previous high and setting a new record! Last night's market data continuously broke through multiple levels, and Ether surged through them like a hot knife through butter, setting a new high. This wave of rising momentum clearly isn't over, and the intensity of the surge has exceeded expectations.

The recent pump of Ether, although sudden, may have a short-term retracement demand after breaking new highs. However, from a daily perspective, the bullish sentiment remains dominant. The technical indicators further confirm the strength: the candlestick chart has risen from the middle band to near the upper band, and the MACD indicator continues to show a golden cross, strongly turning upwards. In the current market, it is really not recommended to take a bearish view on Ether.

It is recommended to go long around Ether 4670—4710, with targets at 5000 and 5200.
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