Currently, the price of Ethereum (ETH) has risen to $4735.99, showing strong upward momentum. Market sentiment is generally optimistic, but investors should also remain cautious.

From a technical perspective, the ETH price is currently operating near the upper Bollinger Band, which usually indicates a strong rising trend. However, the Relative Strength Index (RSI) is approaching the overbought zone, which may suggest a certain degree of correction in the short term.

The key support levels are at 4605.90, 4608.41, and 4613.11 dollars. These levels may provide support when the price retraces. On the other hand, the major resistance levels are at 4736.76, 4752.54, and 4762.99 dollars. If ETH can break through the current resistance, it may continue to push towards these higher price levels.

In terms of moving averages, the 20-day Exponential Moving Average (EMA20) is above the 50-day Exponential Moving Average (EMA50), which indicates that the short-term trend is stronger than the long-term trend, supporting the view of a continued rise.

However, the MACD indicator shows that buyer momentum has weakened, which is consistent with the RSI approaching the overbought zone, both indicating that the market may face a short-term correction.

For traders, there are currently two potential strategies:
1. Breakout Trade: If the price can break through the resistance level of $4736.76, it may attract more buying interest, pushing the price further rise.
2. Callback buying: If the price falls to around the support level of $4608.41, closely monitor for any rebound signals, as there may be a good buying opportunity here.

Overall, Ethereum is currently showing strong momentum, but there is also a risk of short-term pullbacks. Investors should closely monitor the performance of the aforementioned key price areas and make informed investment decisions based on their own risk tolerance. In this rapidly changing cryptocurrency market, it is crucial to remain vigilant and flexible.