The Ethereum market staged a dramatic reversal tonight. The price broke through $4848, creating a new historical high and displaying an astonishing pump momentum. This breakout came so swiftly that many investors were caught off guard.

The drastic fluctuations in the market have sparked widespread discussion. Some analysts believe that this intense volatility before a bull market actually represents a common strategy employed by market leaders. They use this method to flush out and shake off retail investors, aiming to clear some of them out before a significant rise.

This market trend once again confirms an investment truth: blindly following market sentiment for counter-trading is extremely dangerous. Many investors either missed this rise or were forced to exit during the previous decline, highlighting the unpredictability of the market.

It is worth noting that this price movement coincides with some important global economic events, which may have a profound impact on the cryptocurrency market. At the same time, the attitude of family offices in the Asia region towards the allocation of crypto assets has also attracted the market's attention, which may be one of the potential factors driving this round of pump.

Overall, this breakthrough of Ethereum has not only set new price records but also injected new vitality and expectations into the market. However, investors still need to remain vigilant, closely monitor market trends, and manage risks effectively.