Recently, a highly followed on-chain trader made a striking move in the Ethereum market. According to on-chain data analysis, this trader placed an order for a total of 1,800 Ether within the price range of $4,550 to $4,800. This action is interpreted as a cautious market strategy aimed at balancing potential returns and risks.

The opening position chosen by the trader is set at $4635, which is exactly at the midpoint of the range mentioned above. By placing orders within this range, the trader appears to be preparing for two-way fluctuations in the market, guarding against potential downside risks while also not missing out on possible upside opportunities. This strategy reflects the trader's cautiously optimistic attitude towards the current market trend.

It is worth noting that as of now, only 100 Ether out of this batch of large orders have been completed. This phenomenon may suggest that market participants still have some disagreement regarding the current price level, or that market liquidity is relatively limited within this price range.

The actions of this trader have sparked widespread attention in the market, not only due to the large scale of their trades but also because of their meticulously designed strategies. In the context of the highly volatile cryptocurrency market, this method of balancing risk and reward may provide some insights for other investors. However, each investor should formulate their trading strategies based on their own risk tolerance and market judgment.