Ethereum (ETH) has performed strongly recently, nearing its all-time high in the early hours. Although there has not been a significant upward trend following the breakout, the market's bottom support remains solid, with no clear signs of a pullback for the time being.

For the current market situation, analysts suggest that investors remain patient. Pullbacks are a natural phenomenon in market operations and should not be overly concerning. Many industry experts remain optimistic about Ethereum breaking through the $5000 barrier.

Currently, the market generally sees $4800 as an important support level. If there is a pullback, this price point may become a new buying opportunity. Meanwhile, $4900 and $5000 are viewed as significant resistance levels, and breaking through these thresholds could trigger a new round of increases.

It is worth noting that the upcoming Jackson Hole meeting may have an impact on the cryptocurrency market. Investors should closely monitor the developments of the meeting and adjust their investment strategies in a timely manner.

Overall, the Ethereum market is currently at a critical moment. Although there may be fluctuations in the short term, the long-term development prospects are still generally optimistic. Investors need to consider market trends, technical analysis, and external factors comprehensively when making decisions, and adopt a rational investment strategy.