Ethereum (ETH) has recently performed remarkably well, with its price movement showing a strong rise. After gaining solid support near $4200 last week, ETH quickly broke through the $4600 level and set a new historical high over the weekend, exciting the market.

From a short-term perspective, the four-hour chart shows that the ETH price has experienced multiple fluctuations, presenting a typical "spike" pattern. This phenomenon reflects significant volatility in the current market, with intense competition between bulls and bears.

Looking ahead to this week's market, investors should closely monitor the performance of the $4600 support level. This price point, which previously acted as a significant resistance level, has now transformed into a key support, and its stability will directly impact the future price movement of ETH.

If ETH can maintain stable operation above the $4660-$4600 range, it may continue to show a strong trend. Furthermore, if the price can hold above $4850, ETH is likely to initiate a new round of rise, aiming to challenge the $5000-$5300 range.

However, investors should remain cautious, closely monitor market changes, and manage risks appropriately. The cryptocurrency market has always been highly volatile, and price movement can change at any time. When making investment decisions, it is essential to consider your own risk tolerance and investment objectives comprehensively.