The rhythm of ETH this time completely exceeded expectations. It was originally expected to consolidate for a longer period, but unexpectedly, it only took 6 days to approach 4330. Today, it also slightly set a new high before pulling back, which seems to be a temporary FOMO peak. The first batch of people chasing altcoins got somewhat trapped.

But this is not necessarily the end. The reason is simple: market sentiment has not reached its limit. If the main players really want to 'trap' the market, there is still profit space that hasn't been opened up. A more likely scenario is to make several rounds of baiting shorts and longs around 4000: for example, first dropping to 4050 to wash out the chasing high positions, then hitting 4100—4200, followed by a pullback to around 3950 to build strength, and finally attacking 4500 or even 4700 again. Only by repeating this process can the space for altcoins be completely released and the market's fear of missing out (FOMO) sentiment be pushed to its peak.
Many people are still watching from the sidelines with half their positions. They reduce their holdings when prices rise and add to their positions when prices fall. To fully mobilize this batch of funds, a period of tight rhythm and intense volatility is needed. According to the previous plan, the 4000—4500—4700 zones remain key points for taking profits in batches. In the short term, there may be repeated fluctuations around 4000, consuming the funds that chase after rising and falling prices until the overall market sentiment explodes. Although a direct drop is also possible, judging from the current altcoin sentiment, the probability of a further upward wave is greater, as this would attract the last bit of liquidity from outside the market.