Recently, the cryptocurrency market has shown significant volatility. Ethereum encountered a substantial pullback after reaching the target price of $4850, with the price dipping to around $4600 at one point. This trend seems to confirm that certain strategies anticipated by market participants are coming into play.

In terms of Bitcoin, the market is currently closely watching two key support levels. The first, more aggressive support level is at $114,888; if this level is not maintained, the next support level will appear around $113,200. It is noteworthy that $112,000 is considered an important psychological barrier; if this level is breached, it could trigger further declines into the $100,000 range. However, if these support levels can effectively hold, Bitcoin still has the potential to aim for a target price of $120,000.

The price trend of Ethereum has shown more volatility. After reaching a high of $4850, there was a noticeable pullback. Currently, market participants are focusing on two important support levels: the first, a more aggressive support level at $4568, and the second, a more reliable support level at $4470. It is worth noting that only if the price falls below $4350 could it trigger a larger-scale dip.

Overall, the current cryptocurrency market is at a critical technical position, and investors need to closely monitor the performance of these support levels to assess the potential direction of the market in the short term. At the same time, it is important to be aware of the market's high volatility, and effective risk management is crucial.