Ethereum(ETH) market is likely to experience a sharp adjustment soon, with a significant pullback expected in the range of 4800-5100 points. This round of decline may temporarily undermine the confidence of the bulls, giving the bears a sense of exhilaration.

However, it is worth noting that there is no substantial chip entrapment around the 4800-point level, and the current resistance mainly stems from the psychological expectations of investors. This means that once the market completes this round of adjustment and reshuffling, and breaks through the psychological barriers, it is expected to usher in a stronger upward trend.

Although there may be fluctuations in the short term, the fundamentals of Ethereum remain solid in the long run. With institutional investors continuing to increase their holdings, coupled with the ongoing expansion of the entire cryptocurrency market, the growth potential of ETH still remains enormous.

Investors should remain rational, staying vigilant to short-term risks while maintaining confidence in long-term development. During periods of significant market volatility, it is especially important to stay calm and think strategically. In the future, as blockchain technology continues to be applied and the Ethereum ecosystem develops further, we have reason to believe that ETH will continue to maintain its leading position in the cryptocurrency space.