The Ethereum market performed brilliantly today, with a 24-hour rise of 6.84%, successfully breaking through the $4300 mark and a volume exceeding $48 billion. On the technical side, the MACD indicator shows a clear advantage for long positions, but the KDJ and RSI indicators have entered the Overbought zone, which may face pullback pressure in the short term.

Currently, $4620 and $4500 constitute important support levels, while $4820 and $5000 are key resistance levels. It is worth noting that the large holder positions have increased by 15%, showing confidence in the long-term development of Ethereum. At the same time, there has been a net outflow of 12,500 ETH from exchanges, further supporting bullish sentiment.

Although a pullback may occur in the short term, the overall momentum for Ethereum's long positions remains strong. Investors can look for buying opportunities around $4270, with a target price set at $4500. However, the market is ever-changing, and investors must operate with caution and manage risks effectively.