Recently, the performance of the Ethereum market has been remarkable. After a slow fall for a hundred consecutive days, a strong upward candlestick suddenly appeared tonight, with Trading Volume significantly increasing. This change is worth investors' close attention, and it is recommended to maintain a cautious wait-and-see attitude to avoid rash shorting.

Based on the current market analysis, Ethereum may reach a price level of around 4500 USD in the short term. However, this upward trend largely depends on whether Bitcoin can break through the previous high of 123000 USD. Considering that Bitcoin is approaching its historical peak, the possibility of a breakout should not be overlooked. Once Bitcoin achieves a breakout, Ethereum is likely to rise accordingly.

It is worth noting that after this wave of increase ends, the market may experience a pullback. At that time, there may be shorting opportunities. Therefore, it is recommended that investors remain cautious at this stage and avoid blindly going long. The market trends in the next one to two months will provide us with more information to help us make wiser investment decisions.

In this rapidly changing cryptocurrency market, it is crucial to remain calm and rational. By closely monitoring market dynamics and managing risks appropriately, one can achieve long-term success in this market full of opportunities and challenges.