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ETH has broken through four times in a row, is 4700 a new starting point or the end of the bull market rainbow?

The recent trend of ETH feels like it's on a roll, going from 4300 to 4400, then to 4600, and finally breaking 4700. The pace of the market is comparable to that of a sprint champion. The Twitter and group chats are filled with shouts of "Charge!", and even the speed of watching the market is faster than placing orders. But here's the question: after 4700, will it sprint all the way to 5000, or will there suddenly be a U-turn?

Multi-Point Strategy Analysis:
* First support: 4600, maintaining it will keep the short-term bullish pattern.
* Strong support: 4500—4520, if broken, the probability of short-term adjustment increases.
* Mid-term defense: 4300, if it breaks, don't hold on hard, let the bull market take a break.
* Upper pressure: 4850—5000, round numbers are likely to trigger profit-taking.

The breakthrough of 4700 is not without reason; the continuous influx of funds into spot ETFs, the increased on-chain activity of Layer 2 projects, and the recovery of DeFi liquidity are three forces pushing ETH forward like three engines. However, it is important to note that 4700 is a psychological pressure zone, and retail investors are prone to excessive optimism, which could lead to increased short-term volatility.

Strategy suggestion: Value investors should hold steady, short-term investors should defend the 4600 support level, and aggressive investors can take small positions to chase long when breaking above 4850, with a stop loss at 4720.

A bull market isn't just about shouting slogans to reach the finish line; keeping some bullets in your pocket is what qualifies you to boast about having "witnessed history" all the way.