Recently, the price of Ethereum (ETH) has shown strong performance, sparking heated discussions in the market. However, every slight pullback raises investors' concerns about the arrival of a Bear Market, leading to fluctuating market sentiment.

Last week, ETH formed a strong bullish candlestick, and the monthly line is about to close. Historically, after a breakout at the monthly line level, there tends to be a continuous rise. If this month closes above 4700 USD, the bulls will still hold the advantage. Conversely, if the monthly line closes below 4700 USD, a pullback to the monthly support level may occur.

Despite significant short-term fluctuations, the overall trend suggests that this wave of rally may not be over yet. Investors need to remain rational and focus on long-term trends rather than overreacting to short-term volatility. At the same time, they should be wary of the risks that could arise from rapid shifts in market sentiment.

In this market environment, investors should develop clear investment strategies, set reasonable stop-loss levels, and constantly pay attention to market trends and fundamental changes. After all, the high volatility of the cryptocurrency market is both an opportunity and a challenge, requiring us to respond with a more mature and rational attitude.