This afternoon, the crypto assets market showed a positive trend, especially the performance of Ethereum (ETH), which is noteworthy. After experiencing a technical pullback in the morning, the price of ETH briefly touched a low near $4680. However, the market subsequently exhibited a strong rebound momentum and has now entered the rebound recovery phase.

From a technical perspective, $4700 has become a key support level. Market participants may consider establishing long positions above this level. In the short term, we can expect the ETH price to advance towards the $4800 mark. If this level can be breached, the next target price may be $4920.

It is worth noting that although the current market sentiment leans towards optimism, investors should remain vigilant and closely monitor market movements. The Crypto Assets market is highly volatile, and price trends may change rapidly. Therefore, when formulating trading strategies, it is advisable to combine multiple technical indicators and fundamental factors, and to implement risk management.

Overall, the current price trend of ETH provides potential trading opportunities for short-term investors. However, whether bullish or bearish, careful operation is required, and reasonable stop-loss levels should be set to cope with potential market fluctuations.