Last Sunday evening, the price of Ethereum briefly broke through its historical high, followed by a pullback. At the beginning of this week, market sentiment remains high, but investors should remain cautious.

Currently, Ethereum is in a pullback phase, and analysis indicates it may test the support level around $4670 again. This presents a potential entry opportunity for investors. If positions can be built near this price level, a price rebound to the range of $4740 or even $4775 can be expected. However, it is important to note that if the price breaks below $4630, it may trigger further declines.

For investors focusing on the cryptocurrency market, this price volatility brings both opportunities and risks. When making investment decisions, it is essential to conduct thorough research and risk assessment. Remember, the cryptocurrency market is ever-changing, and it is crucial to remain calm and rational.

A new week has begun, let's maintain a positive attitude and continue to pay attention to market trends. Whether you are an experienced trader or a newcomer, you should operate cautiously and develop reasonable trading strategies. In this market full of opportunities and challenges, knowledge and patience will be your most valuable assets.