The analysis begins on the daily timeframe, noting Ethereum's approach to the $4,400 level, the swing high from 2021, the analyst considers this as a key level. After breaking above the $4,000 level, which was previously the swing high from December and March 2024, the momentum remains upward. Short sellers are cautioned as they may have provided liquidity for the breakout. The support zone is currently between $3,210 and $3,762. The analyst shares a bullish scenario from a weekly chart. It indicates that if the dominance chart holds above 10%, the market could move towards 22%, a level defined as key and that should lead to cautions. The discussion shifts to a shorter 30 minute timeframe chart. It suggests a pullback in wave four next week, with the momentum still upward. The first target for wave three is identified at $4,101. With potential extensions to the 200% level in a third wave extension, which is not uncommon in a wave 3, as long as it holds above that $4,100 level. 4563 is a price of final wave.