Recently, the Ethereum market has once again attracted the attention of investors. Despite a brief pullback, the overall trend remains strong. During the weekend, the ETH price underwent a short consolidation, followed by a rise. Many market participants have strong expectations for its breakthrough of historical highs.

From a technical perspective, yesterday ETH formed a double bottom structure on the hourly chart, which is a potential bullish signal. Currently, the market is closely following the key support level of $4450. As long as ETH can hold this level, the overall upward trend is expected to continue, and it may even accelerate.

However, we also need to remain cautious. The cryptocurrency market has always been highly volatile, and any predictions carry uncertainties. Investors should take various factors into account when making decisions, including but not limited to technical analysis, market sentiment, macroeconomic environment, etc.

In addition, the fundamentals of Ethereum are also worth following. With the continuous development of the Ethereum ecosystem, the rise of applications such as decentralized finance (DeFi) and non-fungible tokens (NFT) may provide long-term support for the price of ETH.

Overall, Ethereum seems not far from the psychological barrier of $5000. However, regardless of whether it can break through its historical high, Ethereum's position as the leader of smart contract platforms remains solid. Investors should stay rational and follow long-term development, rather than just short-term price fluctuations.