Ethereum performed strongly tonight, with prices rising significantly by nearly 500 points, approaching the key resistance level of 4800 USD. This pump is mainly influenced by two important pieces of news. However, for investors who previously established long positions at 4235 USD, it may be too early to exit the market.

Currently, for investors without positions, it is advisable to remain cautious and not chase the pump for now. Before breaking through the $4800 barrier, Ethereum is expected to oscillate around the current price level or make slight adjustments to consolidate its rise.

For short-term traders, consider setting a short position around $4780, with a stop-loss point at $4815, and target price levels to focus on the range of $4650 to $4600.

Market focus includes the upcoming Jackson Hole meeting, the allocation attitude of Asian family offices towards crypto assets, and the latest initial jobless claims data released in the United States. These factors may impact Ether and the entire cryptocurrency market.

Investors should closely monitor these macro factors while combining technical analysis, operating cautiously and controlling risks. In the current market environment, it is particularly important to maintain a flexible investment strategy.