Recently, the price of Ethereum has been fluctuating within the range of 4800 to 5100 dollars. Beneath the surface calm, there are actually undercurrents at play. This price range may become the battleground for a fierce struggle between bulls and bears, and investors should remain vigilant.

From a technical perspective, $4,800 has been a resistance level that Ethereum has attempted to breach multiple times without success. However, after a deep analysis of the chip distribution, it is found that there is no substantial trapped position at this level. The so-called resistance is more rooted in the psychological barriers of investors, stemming from inherent perceptions formed by past experiences.

The market often tests investors' determination at critical moments. If prices really drop, some bulls may begin to doubt and choose to cut losses, while bears may take the opportunity to speak negatively about the market. However, such price fluctuations are likely a means for the market to wash out excess positions.

In light of the current market situation, investors should remain calm. After this round of correction, the market is expected to usher in a clearer upward trend. Once the psychological resistance is broken, the price of Ethereum may begin a new round of upward momentum.

However, investing in the cryptocurrency market still requires caution. Investors are advised to closely monitor market trends, analyze various indicators rationally, and make investment decisions based on a thorough understanding of the risks. The future development of Ethereum still has many uncertainties, including technological upgrades, regulatory policies, and the overall cryptocurrency market environment, all of which could affect its price trends.