Recently, the price of Ethereum (ETH) has fluctuated between $4,700 and $4,800. This is not just a simple consolidation, but after a significant pump from $4,200, profit-takers are cooling the market. From the perspective of Technical Analysis and the significant price jump, this could be a potential bull trap. Investors should not rush to get on board near $4,700. Instead, they should closely follow the price movement around $4,000, which may be a safer entry point.

In the current market situation, investors need to remain calm and rational. Although the long-term prospects for Ethereum remain optimistic, there may be short-term correction pressure. Market participants should follow fundamental factors, such as network upgrade progress, the development of decentralized applications (DApps), and the attitudes of institutional investors.

Moreover, it is important to pay attention to the overall cryptocurrency market trends and changes in the global macroeconomic environment. These factors can significantly impact the price of Ethereum. For investors looking to get on board, diversifying investments, setting stop losses, and only investing funds that can be afforded to lose are wise choices.

Overall, although Ethereum remains one of the most promising projects in the cryptocurrency space, caution is needed when getting on board at high levels. Patiently waiting for better entry opportunities while continuously learning and following market dynamics may be the best strategy at this time.