Recently, the cryptocurrency market has seen significant changes, with funds shifting from Bitcoin to Ethereum, the latter performing particularly well. Ethereum's price has soared from around $2100 to $4680 in just a month and a half, showing a remarkable growth trend.

There are multiple factors driving this wave of increase. Firstly, the policy environment is becoming more favorable, injecting confidence into the market. Secondly, the participation of institutional investors and multiple countries has increased, boosting market demand. In addition, accumulation at low levels and breaking through psychological barriers are also important drivers. As prices continue to rise, the market seems to have entered a new phase, with the upward momentum still strong.

In this round of rising momentum, the pullback that many investors were expecting did not occur, but instead, a continuous upward trend has emerged. The resistance in the range of 4000 to 4400 dollars seems to be breaking through, and investors in this range may face important decisions.

Although the market is performing strongly, investors still need to remain vigilant. After a significant rise, there is usually a pullback, although the current pullback is limited. For investors considering contrarian strategies, it is advisable to act cautiously and avoid excessive risk. For spot holders who have already made a profit, it may be worth considering taking profits in batches.

Overall, the recent surge of Ethereum showcases the high volatility and potential opportunities in the cryptocurrency market. However, investors should always pay attention to market trends, view the current bull market rationally, and manage risks effectively.