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Ethereum price has reached a new historical high again, attracting widespread follow in the market. In the past few hours, the price of Ethereum has surged over 500 points, showing strong pump momentum. This intense price fluctuation has resulted in a liquidation amount of up to 456 million USD within 24 hours, highlighting the high volatility of the crypto assets market.
Although the current price has retreated, most analysts believe this will not affect the overall upward trend. Market participants generally focus on the end of the month, seeing it as an important observation point. Many experts suggest that a more accurate judgment on the overall situation can only be made after mid-September.
This price rise is seen as a positive catalyst that may further drive market sentiment. Investors are closely following the range of $4660-$4610, viewing it as a key support level for the current breakthrough to new highs. If this range can be firmly held, the market may continue to push upward, with the next target price potentially being $5000.
However, it is worth noting that the news aspect of the crypto assets market has always been the biggest uncertainty factor. Investors need to stay vigilant and follow market dynamics and regulatory policy changes at all times. In such a fluctuating market, rational investment and risk management are particularly important.
In general, this round of rise in Ethereum has injected new vitality into the market, but it also reminds us to be cautious about short-term price fluctuations and to pay more attention to long-term development trends and fundamental factors.