Recently, there have been many positive signals in the technical aspect of Ethereum. Analysts have observed that the 50-day moving average has crossed above the 200-day moving average, a golden cross pattern that usually indicates a potential strengthening of the medium-term trend. Many predict that ETH may attempt to break through the $4,800 resistance level. However, it is important to remember that technical indicators are just tools, and candlestick charts can be deceptive at times.

Meanwhile, a new low-priced coin suddenly appeared on the market, with a unit price of only $0.04, instantly attracting a lot of attention. The combination of low price and hype often stimulates retail investors' FOMO, but the reality is harsh—90% of these penny coins eventually become worthless. If you plan to chase such hot topics, you should ask yourself a few questions: Is the project team reliable? How well is the white paper written? Does the team have genuine backing? These are essential considerations.

Be especially cautious that technical analysis can never guarantee future certainty. ETH faces significant resistance near its historical high of around $4,800. Even if the golden cross signal looks promising, without sufficient trading volume, it’s hard to break through convincingly. Additionally, the hype around new coins carries extremely high risks—those "mysterious coins" without white papers or transparent teams are essentially a game of probability. Lastly, don’t forget to monitor the macro environment; changes in the Federal Reserve’s balance sheet reduction expectations can instantly reverse market sentiment.

In practical trading, you might try using Fibonacci retracement levels to assist in analyzing ETH’s movement. Recently, the price has been oscillating near the 38.2% support level. Combining technical indicators with fundamental analysis can give you more confidence.