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The price of Ethereum (ETH) has recently experienced a pullback, providing investors with a new get on board opportunity. The current key support level is in the range of $4500-4600, which could be an attractive buying point. Analysis shows that if it can break through this range, ETH is expected to challenge the psychological barrier of $5000 again. It is worth noting that the previous buying opportunity around $4200 brought a rise of nearly 700 points.
In addition, the performance of the U.S. stock market may also affect the cryptocurrency market. It is expected that U.S. stocks will continue to strengthen in the evening, which could provide additional upward momentum for digital assets like ETH. However, investors still need to be cautious, closely monitor market trends, and manage risks.
Overall, the current price trend of ETH presents potential opportunities for both short-term investors and long-term holders. However, it is also important to remember that the cryptocurrency market is highly volatile, and investment decisions should be based on individual risk tolerance and investment goals.