Recently, the price of Ethereum has shown a strong rise, once climbing to a high of $4690, followed by a slight pullback, currently consolidating around $4660. From the 4-hour chart perspective, Ethereum still maintains a staircase rising channel, and the overall trend remains strong.

However, market experts point out that as the current rise continues to expand, the upcoming market trend may enter a period of significant volatility. It is expected to exhibit the characteristics of "two steps forward, one step back," with price fluctuations likely to increase significantly. Although the market is expected to continue to create new highs, investors also need to be wary of the rapid pullback risks that may arise in the short term.

Technical analysis shows that $4500 has become an important support level for the current rise, and it is also the key support area for the middle band of the 4-hour Bollinger Bands. As long as the price can stabilize above this level, market observers suggest that investors may consider a buy-the-dip strategy during pullbacks.

It is worth noting that the cryptocurrency market has always been highly volatile. Investors should fully consider risk factors when formulating trading strategies, allocate assets reasonably, and closely monitor market trends and various external factors that may affect price movements.