Ethereum (ETH) has recently performed well, with prices continuously rising, demonstrating strong upward momentum. Currently, the trading price of ETH has reached $4,202.75, just a step away from its all-time high (ATH) of $4,868. This key price level not only represents an important psychological barrier but also serves as a significant resistance level in Technical Analysis.

Facing such a critical price level, market participants are generally focused on two possible trends. Optimists believe that the current bullish momentum is likely to propel ETH to break through the ATH, initiating a new round of pump. Another viewpoint suggests that resistance may be encountered as it approaches the ATH, leading to a short-term pullback or consolidation to build up the strength for a breakout.

Regardless of the situation, ETH's performance is worth close attention. The current market conditions show a strong pump trend, but investors should also cautiously consider the impending resistance. At this critical moment, the market's reaction will determine ETH's direction in the short term.

It is worth noting that while Technical Analysis can provide us with some market insights, the high volatility of the cryptocurrency market means that any predictions carry uncertainty. Investors should take into account multiple factors when making decisions and always remain vigilant in managing their own risks.