Recently, the Ethereum market has shown a positive trend, with technical indicators displaying potential for a breakout. The daily chart shows consecutive bullish candles, reflecting that bullish strength is steadily gathering. On the weekly level, after a significant rise in the previous period, it is currently in a consolidation phase at a high level, exhibiting obvious characteristics of accumulation.

The overall market environment tends to be bullish, and investors should closely monitor the performance of key support levels. Once the price breaks through the current consolidation range, the market may experience a rapid upward movement.

From a short-term perspective, the price is oscillating upward near the EMA7, with the range between 4593 and 4600 forming the current resistance zone. Below, the EMA30 (4575) and EMA120 (4548) provide double support. If these support levels can be effectively held during the pullback, the bullish trend is expected to continue.

Considering the current market situation, investors may consider gradually establishing long positions in the range of 4540 to 4580. If a successful breakout occurs, subsequent targets to watch are 4650 and 4700. However, the market is volatile, and investors must operate cautiously and manage risks effectively.

It is worth noting that although the technical indicators show positive signals, the inherent high volatility of the cryptocurrency market still exists. Investors should fully assess their risk tolerance, allocate assets reasonably, and avoid excessive leverage. At the same time, closely monitoring changes in market news and adjusting strategies in a timely manner is also a wise move.