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Ethereum recently broke through the 4250 price level, seemingly entering a short-term rise channel. However, this sudden breakthrough has not provided investors with a clear entry opportunity. Although the current price is at the bottom of the recent rise channel, we still need to be cautious, as it is still uncertain whether Ethereum has truly entered this rise channel.
In this situation, it is particularly important to remain patient and cautiously observe. At the same time, we cannot ignore the performance of Bitcoin, which is also quite good at its current position. Investors can pay attention to potential entry opportunities around 118700.
Overall, the cryptocurrency market is fast-paced and ever-changing. While breakthroughs can be exciting, rational analysis and patient waiting remain wise choices. Before making any investment decisions, investors are advised to closely monitor market trends and comprehensively assess risks and opportunities. Remember, in cryptocurrency investment, caution and patience are often the keys to success.