Today's Ethereum market shows a trend of rising first and then falling. The ETH price once reached a high of $4888, followed by a significant pullback. Currently, the support level around $4790 is holding strong, and the likelihood of breaking through this position in the short term is low. From the overall trend, long positions still dominate.

For investors, around $4750 may be a good buying opportunity. If it can break through $4950, it is expected to further challenge the $5000 level. However, investors should operate cautiously and closely monitor market changes.

It is worth noting that the recent global macroeconomic situation is complex and variable, and economic indicators, including U.S. employment data, may impact the cryptocurrency market. Additionally, the attitudes of institutional investors in the Asian region towards crypto assets are also noteworthy, as they may influence the medium to long-term trend of the market.

In any case, investors should remain rational, manage risks well, and not blindly chase highs or sell off in panic. In this market filled with opportunities and challenges, it is crucial to maintain a clear mind and flexible strategies.