The analysis focuses on Ethereum (ETHUSD) and its potential for further upward movement after a small bounce. The analyst identifies a descending wedge pattern, suggesting a corrective pullback that looks like an A-B-C wave structure with overlapping price action. He points out overlapping price action and that if it continues, it would not be a problem, especially if the price moves to the downside. The upper boundary line is coming in around $4630 which could provide some resistance. The analyst suggests that this move could be a diagonal pattern and can take the price eventually to around $4272. The ideal target in the wave four pullback according to the analyst is the 38.2% retracement. The potential support zone is between $4123 and $4272. The analyst is still looking for another high in this scenario.