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In the last four hours, the price movement of Ethereum has shown a three consecutive rise pattern, demonstrating an exciting upward momentum. From a technical analysis perspective, the Bollinger Bands are in a wide open state, indicating that market fluctuation may further increase. Currently, the price of Ethereum is operating near the upper band of the Bollinger Bands, showing strong pump momentum.
In the short term, the momentum of this rising trend may continue to be released, bringing potential profit opportunities for investors. However, in this rapidly pumping market environment, investors also need to remain cautious, and setting reasonable stop-loss positions is crucial. Closely monitoring the changes in price movement and adjusting strategies in a timely manner is also a wise move.
It is worth noting that the market expects Bitcoin to possibly rise to around $12,100, while Ether is expected to reach near $4,680. These price levels could become important resistance levels in the short term, and investors should closely monitor the breakout of these key price points.
Overall, the current Ethereum market shows a strong pump trend, but investors still need to be cautious of potential pullback risks. While seizing potential profit opportunities, it is also important to manage risks to cope with possible drastic fluctuations in the market.