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Ethereum at $4900: A nightmare for retail investors or a ticket to their dreams?

ETH has just broken through 4900 dollars, and this price is for people in the crypto world, like a college entrance examination score report: some cry tears of joy, while others explode instantly.

Let's talk about the logic first:
* Technical aspect: Breaking through 4900 indicates that the selling pressure above has been forcefully absorbed by funds, resulting in explosive short-term momentum.
* Fundamentals: The on-chain activity of ETH combined with the burning mechanism indicates supply contraction + strong demand, which in itself is fuel for a bull market.
* Funding: The combination of ETF + institutions + retail investors is really reminiscent of a "triangular iron" combination.

But the problem is: retail investors often die at new highs. When it hits $4900, the circle of friends is full of screenshots: some shout "going for 5K," while others shout "sell." The paradox in the crypto world is that the more people discuss target prices, the easier it is to get slapped in the face.

So is 4900 a nightmare or a dream? I believe: it is both a scare point for the retail investors and a touchstone for new funds. Either ETH opens the door to 5000 dollars, or it will be like usual, "first slap you in the face and then continue to crawl."

📌 Conclusion: $4900 ETH is not just a simple number, but a watershed for new and old players. Can it break through? It depends on whether you are driven by FOMO or are calmly strategizing.

Do you dare to chase ETH at 4900, or will you quietly wait for a pullback to pick up some chips?