The Ethereum market has recently shown a strong atmosphere of optimism. On the Polymarket platform, traders exhibit great confidence in the short-term trend of Ethereum. Data shows that 64% of participants believe that Ethereum is likely to break through the $5000 mark before the end of August, while 90% of traders are betting that it will reach $4800. More notably, as many as 87% of participants firmly believe that Ethereum will set a new historical high before the end of the month. This widespread optimism is becoming an important force driving the market.

Although the current price of Ethereum has not yet broken through $4600, and the market is digesting the impact of the previously higher-than-expected PPI data, bullish sentiment remains strong. Factors supporting this trend include ongoing bullish technical momentum, active participation from institutional investors, and market expectations of potential easing in future macroeconomic policies.

Looking ahead to the future trend of Ethereum, $4631 is seen as a key resistance level. Analysts point out that if this level can be effectively broken, it is very likely to quickly reach new highs. On the contrary, it may first pull back to the range of $4000 to $4400 for consolidation. Some believe that a drop to the range of $4080 to $4380 is actually a healthy adjustment process that is beneficial for building upward momentum.

It is worth noting that the current market expectation for a new high is approaching 9:1, and such a high level of consensus is rare. Although market predictions are not always accurate, they do reflect the collective psychology of investors. This rare optimistic expectation undoubtedly adds more attention and uncertainty to the short-term trend of Ethereum.

At this critical moment, investors need to remain vigilant and closely monitor market trends and the performance of important resistance levels. At the same time, it is also essential to be aware of the risks that may arise from excessive concentration of optimistic sentiment and to rationally view the relationship between market expectations and actual movements.