Recently, the Ethereum market has performed strongly, with the price movement showing a strong pump trend. After breaking through the key resistance level of $4350, its price has almost risen to around $4800 without any pullback, demonstrating astonishing upward momentum.

Currently, the market focus is on the key support level of $4700. As long as the price can hold steady above this level, Ethereum is likely to consolidate in the range of $4720 to $4750, building momentum for the next rise. Analysts generally believe that if this trend continues, Ethereum is expected to attempt a surge towards the high of $5000 to $5500.

However, investors should remain cautious. The cryptocurrency market has always been highly volatile, and any sudden events can lead to a sharp downturn in prices. Therefore, when making investment decisions, it is advised that investors closely monitor market trends and manage risks appropriately.

It is worth noting that this wave of rise in Ethereum has also attracted attention to the entire cryptocurrency market. As the second-largest cryptocurrency after Bitcoin, Ethereum's performance is often regarded as a barometer for the development of the entire industry. Its continuous price movement may indicate an increase in market confidence, but it has also raised concerns about the potential risk of a bubble.

Regardless, Ethereum's performance once again demonstrates the high uncertainty and potential returns of the cryptocurrency market. While investors focus on short-term price movement, they should also pay attention to the development of Ethereum's underlying technology and the expansion of its application scenarios, as these factors may determine its true value in the long run.