This morning at 5:10 AM, ETH once again refreshed its recent high, reaching the 4300 point threshold. Since starting around 3350 points on August 3, ETH has achieved an astonishing rise of nearly 1000 points in just a week, with an average daily increase of nearly 150 points. This strong upward momentum has excited market participants, and many analysts predict that it is likely to challenge the historical high of 4877 points next week.

Currently, market sentiment is leaning towards optimism, and holding long positions at low levels remains the mainstream strategy. However, in the face of such a rapid pump, investors also need to remain cautious. Especially for traders considering short positions, they should pay more attention to risk management and set reasonable stop-loss levels to avoid potential severe losses.

Behind this rapid rise in the market, there may be multiple factors driving it, including but not limited to improvements in macroeconomic data, favorable policies, or good news from specific industries. Regardless, it is crucial to remain calm and rational amid such dramatic market fluctuations. Investors should closely monitor market trends, conduct thorough risk assessments, and make informed decisions based on their own risk tolerance.