The analysis suggests that ETHUSD is approaching a resistance zone starting at $3938, with a potential move towards $4101, representing the 138% extension. If this is a third wave, the overall target is closer to $4100. The price might be in the late stages of wave A of 3, indicating a potential three-wave move up. A B-wave pullback is expected, ideally holding above the trend line and not breaking below $3613. The ideal scenario involves a pullback to the Fibonacci support zone between $3613 and $3752, followed by a move upwards to test the previous swing high around $4000. Eventually, a five-wave move could target $4400.