The analyst discusses an Ethereum breakout above resistance between 4100 and 4200 that has tripled topped. The weekly candlestick closure is the highest since October 2021. A backtest of Fibonacci’s golden pocket has been made. A bullish break has been made with visible volume on the weekly chart. The analyst compares this to BTC, where previous bull market ATH has broken. Analyst says the bearish case is to drop to 3400 and build giant inverse head and shoulders pattern. The analyst states that the breakout price target sits at 6600, but the presenter says that 6600 target is far too conservative. He discusses indicators for the overall Total Value Locked (TVL) on the crypto market as further confirmation of the bull case. He says target is 7200 based on Fibonacci. He expects a doubling of Ethereum’s current price against Bitcoin. Also a break above on ETHBTC chart shows that Ethereum is now positioned to outperform Bitcoin. 1 billion dollars have moved into the Ethereum ETFs. A new target range of Ethereum is suggested as between 9000 and 11000.